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ALMATY, Nov 16 (Reuters) - The pace of economic decline in Kazakhstan slowed to 2.2 percent year-on-year in January-September from 2.4 percent in the first half of this year, the State Statistics Agency said on Monday. The International Monetary Fund expects the Central Asian state's gross domestic product (GDP) to shrink 2 percent over 2009 as a whole, but the government maintains a positive forecast, projecting growth of 0.1 percent. The agricultural sector grew by 1.7 percent while the industrial sector contracted by 0.4 percent and construction was down 8.9 percent, according to the agency's data. Financial services contracted by 5.7 percent. Kazakhstan has been hit hard by the global crisis that crippled its banking sector and knocked down prices for oil and metals, the key exports of the ex-Soviet nation. Kazakhstan's GDP grew 3.9 percent in the same period of last year. (Writing by Olzhas Auyezov, editing by Mike Peacock) Keywords: KAZAKHSTAN ECONOMY/ (olzhas.auyezov@reuters.com; +7 7272 508500; Reuters Messaging: olzhas.auyezov.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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