Michael Egorin. The European Bank for restoration and development (EBRD) has lowered its forecast of increase of Kazakhstan's GDP in 2015 to 1, 2% compared with 1 5% projected in may, according to a published economic forecast.
The growth of economic indicators of Kazakhstan in 2016, according to the current forecast EBRD, will amount to 1, 5%, while in may the Bank had expected a 2 per cent increase.
"Growth in Kazakhstan, the region's largest economy, very quickly slowed because of the crash of oil prices and to a lesser extent due to a negative impact on Russian manufacturers of the influx of cheap imports from Russia, as well as negative investment sentiment due to the Russian-Ukrainian fall ", - stated in the publication.
EBRD, " challenging external economic environment and growing domestic pressure will continue to affect Kazakhstan in 2016, during which Growth is assumed at level 1, 5% ". The inflation rate in 2015, the EBRD is expected at level 6, 8%.
in General, in Central Asia in 2015, according to the EBRD analysis, the Growth of economic indicators will develop at level 3, 8% compared with 6% in the past year.
"Although Usually for 2015 Growth expected to be 3, 8%, and in 2016 will reach 3, 9%, these rates are much below the safe average of 6% real growth of GDP was recorded in 2014. The main obstacle to the increase were two factors: the recession in Russia and the low prices of commodities ", - specialists of the Bank.