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Table 6.3
Economic Forecast for Kazakhstan (as percent of preceding
year)
Indicator 1995 1996 1997 1998 1999 2000
Gross Domestic
Product 		85 93 98 101 102 103
Volume of
Industrial
Production 		84 93 98 101 103 104
Gross Output in
Agriculture 		79 99 101 101 102 102

However, this is just a proposal, which will require much time and
investment capital before it can be realized.

In sum, there are many obstacles blocking the path of economic
development in Kazakhstan. According to our estimates for the
period up to the year 2000, the annual growth rate will not exceed
2 or 3 percent (see Table 6.3 ). However, if the problems of
constructing the oil pipeline and gaining access to Asian markets
are not resolved, growth in subsequent years will not succeed in
achieving a higher rate.


Notes
1. This paper is based on data, reports, and calculations prepared by the Institut
ekonomiki i rynochnykh otnoshenii (under the Ministry of Economics).
2. "Doklad o sotsial'no-ekonomicheskom polozhenii v Respublike Kazakhstan
v 1992 g."
3. "Doklad o sotsial'no-ekonomicheskom polozhenii v Respublike Kazakhstan
v 1993 g."

-226-

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Publication Information: Book Title: Central Asia in Transition: Dilemmas of Political and Economic Development. Contributors: Boris Z. Rumer - author. Publisher: M. E. Sharpe. Place of Publication: Armonk, NY. Publication Year: 1996. Page Number: 226.
    
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