The Kazakhstan government is going to develop a new strategic plan of country’s development till 2025, which will reflect new directions of economic development, Novosti-Kazakhstan quoted National Economy Minister Yerbolat Dosayev.
“We believe that the forecast of world economy development is connected with prices for raw materials and I believe that it will be rather conservative and pessimistic. The world economy will be reconfigured within about five years, because the classical principle of economy “supply and demand” it being revised,” Minister explained.
He said it was planned that many countries-importers will increase their production at the expense of reduction of world prices, but this did not happen, because of excess of supply at the market. ”As President repeatedly mentioned Kazakhstan’s economy is entering a new phase of development and new reality. The government and the National Bank are revising their mid-term and long-term policy,” he added.
