Kazakh GDP Grows 4.2%

Kazakhstan’s GDP grew 4.2% in the first six months of the year due to the growth in industry, construction, agriculture, transportation, warehousing and trade, noted Minister of National Economy Timur Suleimenov at a recent government meeting, bnews.kz reported. “According to preliminary data, in the January-June period of this year Kazakhstan’s GDP grew by 4.2%. In the same period of 2016, growth was 0.1%. The positive contribution of goods production to the economy was 2.6 percentage points, production of services–1.3% and food taxes–0.3%,” he said. “These industries ensured the growth of the short-term economic indicator by 5.8% in the first half of the year and a decrease by 0.7% in the same period in 2016. Due to the increase in output in the backbone industries, there is an increase of 7.8% this year compared to a decline of 1.6% in the same period of 2016,” he said.