We forecast Kazakh real GDP growth to pick up to 5.8% in 2013 from an estimated 5.3% in 2012. This is substantially lower than the 7.5% rate of real GDP growth recorded in 2011 but marks an end to the slowdown in the Kazakh economy. The primary drivers of growth in 2013 will continue to be household expenditure and gross fixed capital formation. Kazakhstan remains an attractive destination for foreign investments owing to its vast natural resources wealth, good location to export to high growth markets in East and South Asia, and steadily improving business environment. Headline Industry Data (local …
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