The Astana Times provides news and information from Kazakhstan and around the world.
ASTANA – The European Bank for Reconstruction and Development (EBRD) has released a new report on regional economic prospects for its countries of operation with the promising title “Return to modest growth.”
Photo credit: ebrd.com
For Kazakhstan, the organisation projects 0.7 percent growth in 2016. Last year’s growth rate was 1.2 percent. Average annual inflation for 2016 can be expected to reach 14.8 percent.
“Monetary conditions in Kazakhstan have improved, the exchange rate has stabilised and inflation is on a downward trend, albeit from a high level (inflation decreased from 17.7 …read more
Source: The Astana Times
