Kazakhstan : The Economy Has Bottomed Out--What is Next?
In 2016, Kazakhstan’s GDP growth continued to slow and real wages declined further, negatively affecting poverty rates. The authorities reacted by extending additional spending measures and easing monetary conditions. In the medium term, Kazakhstan...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC: World Bank
2017
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| Online Access: | http://documents.worldbank.org/curated/en/585891494402103086/Kazakhstan-The-economy-has-bottomed-out-what-is-next-country-economic-update-Spring-2017 http://hdl.handle.net/10986/26671 |
| Summary: | In 2016, Kazakhstan’s GDP growth
continued to slow and real wages declined further,
negatively affecting poverty rates. The authorities reacted
by extending additional spending measures and easing
monetary conditions. In the medium term, Kazakhstan’s
economic growth rate is projected to pick up slowly, but it
will remain below pre-2014 levels (when the oil price shock
hit the economy). In the longer term, Kazakhstan’s desire
for an economic transformation to more sustainable and
inclusive growth will require completing the macroeconomic
adjustment, addressing the legacy of SOEs and financial
sector issues, and fostering development of a more dynamic,
export-oriented and productive private sector. |
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