UN forecasts Kazakhstan’s GDP growth at 4.6% in 2026, inflation to ease to 9.9%Kazakhstan’s economy is projected to grow by 4.6% in 2026, while inflation is expected to slow to 9.9%, according to the UN World Economic Situation and Prospects 2026 report.Real GDP growth in transition economies, including Kazakhstan, is estimated at 4.6% in 2026 and 4.8% in 2027. Inflation is projected to decline to 9.9% in 2026 and to 8.1% in 2027, according to the report.“The economy in Kazakhstan expanded by an estimated 6.1% in 2025, fueled by higher oil production and robust domestic demand,” the document says.Oil output is expected to increase further in 2026 and 2027. However, higher taxes may moderate business activity and private consumption, according to the UN analysts.However, rapid credit expansion (including subsidized loans), currency depreciation, and increases in regulated utility tariffs pushed inflation upward in Kazakhstan.During the second half of the year, inflation dynamics diverged across the CIS states and Georgia, according to the UN.“Although inflation is expected to moderate across the region in 2026, planned tax increases may temporarily lift headline inflation in Kazakhstan and the Russian Federation,” the report says.Earlier, Kazakhstan’s Ministry of National Economy reported that GDP growth reached 6.5% in 2025, driven mainly by industry, transport, construction, and trade.Meanwhile, President Kassym-Jomart Tokayev said in his interview with the Turkestan newspaper that the economy grew by more than 6% in 2025, with GDP exceeding $300 billion.According to official data, GDP growth in January-November 2025 stood at 6.4%. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin previously said full-year growth was expected at 6.3%–6.5%.In 2024, Kazakhstan’s GDP expanded by 4.8%. (ICE ALMATY)

Fonte notizia: INTERFAX