Система Orphus

Kazakhstan's GDP growth accelerated to 4.3%

10.09.2019, 18:48 3187
Ruslan Dalenov, National Economy Minister, has announced the growth rate of the gross domestic product.
 
According to him, in August of the current year the country’s economy maintained steady dynamics. Over 8 months the GDP growth accelerated to 4.3% (4.2% in January-July). Thus, all international rating agencies including S&P, Fitch and Moody's have confirmed Kazakhstan's sovereign credit rating at the level of investment attractiveness.
 
As noted by Mr.Dalenov, the main factors of the economic growth were investment activity and stable inflation.
 
He added that the investment growth was 10.7%. The largest increase was noted in agriculture (by 57.1%), construction (by 30.9%), trade (by 20.4%) and industry (by 17.7%). It is notable that the annual inflation index is within the target corridor and amounted to 5.5%.
 
As noted by the press service of the Ministry, food prices rose by 9% (August 2018 - 5.1%), non-food products - by 5.7% (8.2%), paid services - by 0.8% (4.9%).
 
 
 This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.

When citing our content a hyperlink to this Kazakhstan Today website is obligatory.

Comments

relevant news