ADB projects inflation decline in Kazakhstan amid regional growth disparity
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The Asian Development Bank forecasts a decline in Kazakhstan's inflation to 9.5% by 2027. This trend sets the economic trajectory even as regional growth outpaces Kazakhstan. The focus remains on maintaining inflation control despite slower GDP growth.
Inflation Forecast
The Asian Development Bank (ADB) projects Kazakhstan's inflation to decrease to 10.4% in 2026 and 9.5% in 2027, following a rate of 11.4% in 2025. This consistent decline marks a shift in economic dynamics. However, Kazakhstan remains at the higher end of regional inflation rates, with Kyrgyzstan at 10.3% and 8.5%, Uzbekistan at 6.5% and 5.0%, and Tajikistan at 4.0% and 4.5% for the same years.
GDP Growth Comparison
Kazakhstan's GDP is expected to grow by 4.8% in 2026 and 4.5% in 2027, according to ADB. In contrast, neighboring countries show higher growth rates: Kyrgyzstan at 8.9% and 8.4%, Tajikistan at 7.3% and 6.8%, and Uzbekistan at 6.7% and 6.8%. This disparity highlights Kazakhstan's focus on inflation control over rapid economic expansion.
Pakistan Inflation and Growth Forecast
The Asian Development Bank forecasts Pakistan's inflation to decrease to 5.8% in the fiscal year 2025–26, driven by declining food and commodity prices. Economic growth is projected to reach 3% during the same period. The report emphasizes the importance of structural reforms and export support for sustainable economic development.
What's Next
The ADB emphasizes the importance of maintaining inflation control as a priority. It remains uncertain how Kazakhstan will balance growth and inflation amid regional pressures.
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ADB projects inflation decline in Kazakhstan amid regional growth disparity
