Nazarbayev: Trade war and the arms race will not be good

Назарбаев: Торговые войны и гонка вооружений никому не принесут добра

The first President of Kazakhstan Nursultan Nazarbayev said that the trade tensions, sanctions and the arms race nobody any good. He said this at the 12th Astana economic forum in Nur-Sultan, the press service of the head of state.

He pointed out that economic development in the world is only at first glance it seems stable. However, the pace of world economic growth declined from the projected 3.9% to 3.6% and is expected to decrease even further, said the head of State. According to the forecast of the International monetary Fund (IMF), to 3.3% in 2019. Countries have to intensify the struggle for markets. It is often in the course are not market methods of competition.

“We are seeing an escalation of trade tensions between the US, China and Europe, macro-economic stress in the emerging economies, the growth of political populism, the current confrontation between the US and Russia”, – said Nazarbayev. “If we add to this the breaking of international agreements in the field of nuclear safety and conventional arms and their accumulation close to the arms race, it becomes clear that it is alarming”, – quotes “Interfax” words of the first President.

Earlier, Nazarbayev proposed to establish a dialogue between the US, Russia, China and the EU.