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Kazakhstan economic growth to be equal 5% in 2008

– “Economic growth will be equal almost 5% for the end of 2008,” Nursultan Nazarbaev, Kazakh President said at yesterday’s meeting with heads of diplomatic missions accredited in Kazakhstan. “We expect that economic growth level will make up 5% and unemployment rate will not exceed 7%,” Nazarbaev noted. According to Kazakh leader, total volume of […]

CA-NEWS (KZ)

– “Economic growth will be equal almost 5% for the end of 2008,” Nursultan Nazarbaev, Kazakh President said at yesterday’s meeting with heads of diplomatic missions accredited in Kazakhstan.

“We expect that economic growth level will make up 5% and unemployment rate will not exceed 7%,” Nazarbaev noted.

According to Kazakh leader, total volume of international reserves and National Fund assets also keeps high rates.

Budget deficit remains at a low level that is equal to 2.1% from GDP. It is very important for Kazakh 15-million-population. According to Kazakh President, all these indicators are factors of national economy safety.

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