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GDP decline may lead to unemployment rate increase up to 8.7% in 2009

GDP decline in Kazakhstan may result in increase of unemployment rate up to 8.7% in 2009 and 9.5% in 2010, said Chairman of Confederation of Employers of Kazakhstan Kadyr Baikenov. One of the reasons of unemployment rate increase is lack of financing lack of financing in 2008.

Kazakhtan Today

GDP decline in Kazakhstan may result in increase of unemployment rate up to 8.7% in 2009 and 9.5% in 2010, said Chairman of Confederation of Employers of Kazakhstan Kadyr Baikenov.

One of the reasons of unemployment rate increase is lack of financing lack of financing in 2008.

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