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NUR-SULTAN, Aug 27 (Reuters) – Kazakhstan’s authorities expects gross home product to develop by 4% subsequent 12 months with the worth of Brent crude averaging $85 per barrel, Economic system Minister Alibek Kuantyrov stated on Saturday.
The situation can also be based mostly on a mean tenge foreign money change fee of 470 per greenback, Kuantyrov instructed a authorities assembly. The oil-exporting Central Asian nation expects development of at the least 3% this 12 months.
Deputy central financial institution governor Akylzhan Baimagambetov instructed the identical assembly that the regulator forecast Kazakhstan’s present account surplus would chop to $6.2 billion subsequent 12 months from this 12 months’s anticipated $7.2 billion. (Reporting by Tamara Vaal; Writing by Olzhas Auyezov; Enhancing by Pravin Char)
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