Kazakhstan's economy will slow, but its unemployment rate will stay low

Kazakhstan's economy is expected to grow more slowly in the coming years, settling at around 3.5 percent by 2028. This means the country will need to improve job quality and worker skills to maintain productivity, even as unemployment remains low.

This report highlights a common challenge for developing economies: growth can slow even when unemployment is low. The real issue is the quality of jobs and the skills of the workforce. If Kazakhstan cannot improve these, its long-term economic potential will be limited.