Kazakh National Bank lowers GDP growth outlook to 4.2%-5.2% for 2025-2026Kazakhstan’s National Bank has revised downward the economic growth outlook for 2025-2026 to 4.2%-5.2%, the financial regulator said in a Friday press release."The outlooks for Kazakhstan's economic growth in 2025 and 2026 have been lowered to 4.2%-5.2% due to a number of reasons, including a reduction in the government's oil output target. On the other hand, positive tendencies in the domestic demand will drive the country’s economic growth in 2025-2026 on the back of the oil sector recovery,” the press release says.In November last year, the National Bank forecasted that in the baseline scenario the economy of Kazakhstan would expand by 4.5%-5.5% in 2025 and by 4.6%-5.6% in 2026.In the worst-case scenario, the economy would grow by 3.7%-4.7% in 2025 and by 4.5%-5.5% in 2026; in the best-case scenario the economic growth would be 5.1%-6.1% in 2025 and by 4.7%-5.7% in 2026, according to the November report of the National Bank.According to the World Bank’s projections, Kazakhstan's GDP will increase by 4.7% in 2025 and by 3.5% in 2026.In 2024, the economy of Kazakhstan rose by 4.8% compared with by 5.1% in 2023. (ICE ALMATY)

Fonte notizia: INTERFAX