Interfax quoted according to the Fund latest World Economic Outlook that the International Monetary Fund expects Kazakhstan gross domestic product to grow 6.5% in 2011.

In April this year, the Fund said it thought the Kazakh economy would expand 5.9% this year. The IMF still thinks Kazakhstan's GDP will grow 5.6% in 2012.

According to IMF, inflation in Kazakhstan will be 8.9% in 2011 and slow to 7.9% in 2012 compared with the 9.1% and 6.4% forecast in April.

The IMF expects unemployment to decrease to 5.7% in 2011 and 5.6% in 2012. According to the Kazakh Statistics Agency unemployment in the republic was 5.5% in 2010.

The IMF says that in 2010 the Kazakh economy grew 7.3% and inflation was 7.4%.

According to Kazakh statistics GDP rose 7% last year compared with 2009. The Kazakh government expects GDP to expand 7% this year while the inflation should be 8% or below compared with 7.8% last year.

(Sourced from Interfax)