The head of Ministry of Economy - GDP of Kazakhstan in January - September grew by 4 %

/INTERFAX-KAZAKHSTAN, Astana, October 13, 08/ - GDP growth in Kazakhstan in January - September 2008 made 4 % compared to the same period of last year, Bakhyt Sultanov informed, the Minister of Economy and Budget Planning. "According to our estimation, it is 4 %. But it is preliminary data, we have to finish calculating" - he said to journalists on Monday in Astana. "This data is on the basis of indicators of spheres activity, which Statistics Agency provides us" - he added. As informed, GDP of republic in January - September 2007 grew by 9.7 %. "The reason (of growth recession - IF-K) is clear. It is world economy recession, forecasts of international financial institutions (...), decreasing of bid and ask on world commodity markets, in particular it reflected in production of such companies as MetalSteal , SSOMPA and other ore mining companies" - B. Sultanov said. "In the whole, we have different conditions of spheres: growth in whole and different spheres production decreasing" - he noted. At the same time, answering journalists, whether the forecast on GDP growth for the current year is retained, B. Sultanov said:" we'll retain it for the year". The government forecast growth of actual GDP of Kazakhstan in 2008 to make 5-7 %. [2008-10-14]