EFSD RAISES KAZAKHSTAN 2027 GDP GROWTH FORECAST TO 5 %

What happened: The Eurasian Fund for Stabilization and Development raised its forecast for Kazakhstan's 2027 GDP growth to 5.0% from 4.6% in its summer outlook. Key numbers: 2027 forecast 5.0%, up from 4.6%. 2026 forecast unchanged at 5.0%. Growth was 4.1% in H1 2026 versus 3.0% in Q1. Why it matters: The EFSD cited unchanged oil production volumes, major investment and infrastructure projects, and more expansionary fiscal policy. Its projections exceed the World Bank's for both 2026 and 2027, by 0.4 and 0.8 percentage points.

The Eurasian Fund for Stabilization and Development raised its forecast for Kazakhstan's 2027 GDP growth to 5.0% from 4.6% in its summer outlook.

The EFSD cited unchanged oil production volumes, major investment and infrastructure projects, and more expansionary fiscal policy. Its projections exceed the World Bank's for both 2026 and 2027, by 0.4 and 0.8 percentage points.