National Bank: Kazakhstan's GDP decreased by 1.8%
NUR-SULTAN. KAZINFORM - According to the results of the first half of 2020, Kazakhstan's GDP has decreased by 1.8%, while the forecast was -1.5%. This is due to the downturn in the service sector, despite the relaxation of quarantine measures and the opening of trade and catering facilities from mid-May 2020. Kazinform reported with the reference to the press service of the National Bank.
According to the National Bank, such industries as information and communication (9.0%), healthcare, education and public administration made a positive contribution to the GDP dynamics.
There is an increase in the production of mining (2.2%) and manufacturing (4.8%). Economic activity is also supported by the expansion of construction (by 11.2%) and an increase in gross agricultural output (by 2.4%).
According to the National Bank, the volume of investments in fixed has decreased by 2.9%.