Kazakhstan to expect 5.5% GDP growth this year –S&P

Almaty. April 10. Silkroadnews – Kazakhstan can expect 5.5% GDP growth in 2014, as S&P’s Anvar Gabidullin informs.
“The expected real GDP growth rate in 2014 is 5.5%, with around 6% growth rayte the year after. This is slightly higher than the world’s average –f 3.5-4%”, Mister Gabidullin said at the X International Risk Management Conference this Thursday.
He reminded that Kazakhstan is currently awarded a “BBB+” rating with a stable outlook.
However, “political risks” are among the factors that holding back the country’s S&P rating.
“We are also drawing attention to the oil dependency, as 50-60% of national profits comes from oil. Two main risks we recognise when rating the country are oil prices and potential decrease in oil demand”, Mister Gabidullin adds.