Economics

Sultanov spoke about impact of vaccination on economic development

Photo: Kazpravda.kz/Adilbek Tauekelov
At a reporting meeting with the population, Minister of Trade and Integration Bakhyt Sultanov told how vaccination against COVID-19 affects the trade in Kazakhstan, Kazpravda.kz reports.

"The growth dynamics of the industry is positively influenced by the weakening of quarantine and restrictive measures as a result of mass vaccination of the population. This is confirmed by forecasts of world experts. We have specially cited the analysis. According to the forecast of the International Monetary Fund, in 2021, in the leading countries in terms of vaccination rates, with a share of the vaccinated population of about 50%, the economy is expected to grow at the level of 5.7%.

At the same time, in developed countries, where no more than a quarter of the population is vaccinated, the economy is expected to grow at 3.3%," the minister said.

He noted that Kazakhstan is no exception, while, according to the IMF forecast, the country expects economic growth of 3.2%. If the population is more actively vaccinated, then, accordingly, the growth rates of the economy in general and trade, in particular, will increase in our country.
Author:
Ekaterina Eliseyeva
14:41, 22 June 2021
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