Kazakhstan’s growth to pick up in 2027 despite geopolitical tensions, IMF says

The IMF forecasts Kazakhstan's economy to grow by 4.9% in 2027, up from 4.4% in 2026, making it the fastest-growing oil exporter in its region. The report highlights geopolitical tensions affecting oil markets, particularly the closure of the Strait of Hormuz, which disrupted global oil supply. Despite these challenges, investment in AI and technology presents opportunities for Kazakhstan and other commodity-exporting nations. The global economy is described as resilient yet uneven, with projected growth slowing to 3.1% in 2026 before recovering in 2027. Inflation pressures are expected to rise due to war-related disruptions, impacting global trade growth as well.