In 2009, Kazakhstan's economy will fall to 1.3% - forecast of EBRD

/IRBIS, October 15, 09/ - According to the forecasts of European Bank for Reconstruction and Development (EBRD), in the current year downturn in the Kazakhstan economy will be approximately 1.3%, it's indicated in published a press release today, by the EBRD. The growth of GDP in 2010 is estimated at 1.6%. Decline in Russia's economy is projected in 2009 will amount to 8.5%, but in late 2009 and resumed its growth in 2010 will reach about 3.1% in annual terms. In some countries such as Albania, Poland, Slovakia and Slovenia, characterized by competitiveness in international markets and relatively robust in the pre-crisis period banking systems in 2010, economic growth is projected to be relatively higher and will amount to somewhere between 2% and 5%. Some of the resource-rich countries, including Azerbaijan, Mongolia, Turkmenistan and Uzbekistan, with more modest in size and financial systems are less affected by the crisis, in 2010, will also show increase of about 5% or more. [2009-10-15]