Tuesday 15 July 2014

Kazakh Growth Dragged Down by Russia's Economic Slump | The Moscow Times

Kazakh Growth Dragged Down by Russia's Economic Slump | The Moscow Times:



"Kazakhstan's economic growth eased in the first half of this year, hit by a slowdown in key partner Russia and a drop in oil and non-ferrous metal production, the country's statistics agency said Tuesday.



Gross domestic product grew 3.9 percent in January-June year-on-year, compared with a 5.1 percent rise in the same period last year, State Statistics Agency head Alikhan Smailov said, citing preliminary data.



Central Asia's largest economy, Kazakhstan, is officially targeting GDP growth of 6 percent this year, the same as last year and up from 5 percent in 2012."



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