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Knowledge-based economy

Competitive national economy – our power!

President of the Republic of Kazakhstan N. NAZARBAYEV

Kazakhstan needs robust reforms to boost productivity and growth 08 November 17:11
In the 2000s, Kazakhstan had experienced exceptional economic growth — supported by rising oil and gas prices, rapid growth of domestic demand and soaring investments. During this time poverty and inequality declined significantly. However, since the global economic downturn of 2008, Kazakhstan's growth has slowed markedly from over 10 percent in 2000-07 down to 4 percent in 2008-17. Today the World Bank has presented the new Country Economic Memorandum “Kazakhstan: Reversing the Productivity Stagnation”, in which the experts tried to find out reasons why this happened. Read more in the piece of the Strategy2050.kz Information Agency.

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