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Kazakhstan Economic Update : Winter 2024-2025 - Funding the Future : Boosting Revenues for Lasting Investments (Английский)

Kazakhstan's economy is estimated to have grown by 4.0 percent in 2024. A temporary acceleration to 4.5–5.0 percent growth is projected in 2025, supported by a one-off surge in oil production, export growth, and continued fiscal stimulus. Growth is expected to moderate post-2025 due to persistently low productivity and declining investment, highlighting the need for diversification and new growth levers. Inflation is easing but remains above target...
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