IMF Expects Kazakhstan's Inflation to Ease and Growth to Accelerate in 2027

The International Monetary Fund projects that Kazakhstan's inflation will fall to 8.2% in 2027, while economic growth is expected to accelerate to 4.9%, according to the IMF's latest World Economic Outlook. The report was released on October 13 at the IMF and World Bank annual meetings in Bangkok.

The IMF forecasts inflation to decline from 11.4% in 2025 to 10.3% in 2026, with growth at 4.4% that year. The IMF expects Kazakhstan's unemployment rate to hold at 4.6% in 2026 and ease to 4.5% in 2027. The current account balance is projected to remain positive at 0.5% of gross domestic product in 2026.

The report names Kazakhstan among countries outside the Persian Gulf that increased oil production, helping the global market adjust to supply disruptions through the Strait of Hormuz. Kazakhstan is also cited in the assessment of the artificial intelligence boom as a commodity exporter benefiting from rising exports of technology-related goods produced by major Asian manufacturing economies.