Kazakhstan to wait decreasing of the rate of GDP growth by 5.3% in 2008

/REUTERS, Almaty, June 3, 08/ - Government of Kazakhstan forecasts GDP growth by 5.3% in 2008, is said in the resolution of the government. In absolute expression GDP will make KZT15.641 trl. Earlier Kazakhstan authorities told on slowing down of economic growth rate, which can reach 5-7% in 2008 compare to 8.7% last year. Government resolution on including amends and additions in Resolution #754, dated August 29, 2007 was published on Tuesday in official newspaper Kazakhstanskaya Pravda. The government also published corrected data on GDP for last years: in 2007 the rate of GDP growth made 8.7% (not 8.5%), in 2006 - 10.7% (not 10.6%). Below is given the forecast of main macro-economic indicators of Kazakhstan for years 2008-2010: ----------------------------------------------------------------------- 2008 2009 2010 --------------------------------------------- ------- ------- ------ GDP, KZT, trl. 15.641 17.744 20.738 GDP to previous year, % 5.3 6.9 5.6 Consumer price index, % 7.9-9.9 7.5-9.5 7-9 Export of goods, FOB, $ bn. 57.275 60.959 68.423 Import of goods, FOB, $ bn. 39.316 48.339 57.572 Extraction of oil and gas condensate, m. tons 67.6 79.2 81.3 World price for oil Brent, $/barrel 95.0 60.0 60.0 ----------------------------------------------------------------------- ($1=KZT120.75) [2008-06-03]