According to the forecast, inflation will reach 4.3% at the end of 2019, while the projected GDP growth rate is 1.8%.
Major industry groups will show substantial growth; besides, industries which are currently exploiting their export potential are expected to make a positive contribution to economic development.
Growing non-commodity exports and services exports will support a current account surplus, overshadowing a decline in oil and gas exports in value terms. Capital outflow is expected to decrease significantly.
Manufacturing is forecast to demonstrate considerable growth in the next few years, reaching 22.8% by 2024. The fuel and energy complex will show steady performance. Gas production is expected to increase, boosted by a more active development of gas fields.
Taking into account balanced solutions in fiscal policy and steady and efficient functioning of the labor market, as well as a set of measures aimed at reducing the level of poverty, the GDP structure by income approach is expected to stay relatively stable up to 2024.