Experts of Halyk Finance have cast doubt on the government’s plan to reach economic growth at 6% this year; the plan was announced at a cabinet meeting recently. The experts point out low labor efficiency and the huge role of the government in the country’s economy.
In January, economic growth slowed to 3.9% year-on-year as many industries reported a decline, as Minister of National Economy Nurlan Baibazarov said in mid-February. In 2023, Kazakhstan’s economy grew by 5.1%.
«At the end of last year, we injected the economy with cash from the National Fund but the positive...