​Kazakhstan will live in different economic situation in nearest 5-7 years -Massimov

Kazakhstan will live in different economic situation in the nearest 5-7 years, said Karim Massimov, Prime Minister of Kazakhstan.

"This cycle, when the prices for metal, oil prices, main crude products were growing, unfortunately, is over. We suppose that in the nearest 5-7 years , at least, but may be longer, we will live in different economic situation," he said.
He added in the new economic situation oil prices will be within $30-50 per barrel, the prices for metals and other resources of Kazakhstan will stay at quite low level, while the rate of US dollar will be defined by the demand and proposal.
According to Massimov in the new economic situation Kazakhstan will be guided by the experience of Canada and Australia.

Source: KazTAG