Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum
Kazakhstan’s economy in 2019 is expected to grow at a modest rate. But growth is expected to ease in 2020, with greater risks from the external environment and vulnerability to shocks. Recently, the economy expanded amid the slacking external envir...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/738861576757431754/Kazakhstan-Economic-Update-Sustaining-Growth-Momentum http://hdl.handle.net/10986/33066 |
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okr-10986-330662021-06-14T10:01:25Z Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK CURRENT ACCOUNT DEFICIT MONETARY POLICY FISCAL TRENDS INFLATION PUBLIC EXPENDITURES BANKING EURASIAN ECONOMIC UNION EXPORT DIVERSIFICATION Kazakhstan’s economy in 2019 is expected to grow at a modest rate. But growth is expected to ease in 2020, with greater risks from the external environment and vulnerability to shocks. Recently, the economy expanded amid the slacking external environment. Policy stimulus has helped domestic demand, but structural weakness is constraining the economy from expanding further. Continuing with structural reforms is critical to sustain higher and more inclusive economic growth. The special topic of this report is Kazakhstan’s export diversification. Trade plays an important role in Kazakhstan’s development, and the country is positioned to benefit from the growing markets of China, Europe, and Central Asia. Trade offers opportunities for Kazakhstan’s economic growth and for diversifying away from oil. The special topic section of this report highlights the fact that, although Kazakhstan has made progress in diversifying its export destinations, product quality outside commodities is still relatively low and has less than a fifty percent survival rate beyond the first year if a product was exported beyond the Eurasian Economic Union (EAEU) or Commonwealth of Independent States (CIS) markets. OECD data on trade in value added indicate that Kazakhstan’s exporters used fewer imported inputs compared to a decade earlier, which suggests a declining participation in global value chains. 2019-12-23T17:26:09Z 2019-12-23T17:26:09Z 2019-12 Report http://documents.worldbank.org/curated/en/738861576757431754/Kazakhstan-Economic-Update-Sustaining-Growth-Momentum http://hdl.handle.net/10986/33066 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Europe and Central Asia Kazakhstan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK CURRENT ACCOUNT DEFICIT MONETARY POLICY FISCAL TRENDS INFLATION PUBLIC EXPENDITURES BANKING EURASIAN ECONOMIC UNION EXPORT DIVERSIFICATION |
| spellingShingle |
ECONOMIC GROWTH ECONOMIC OUTLOOK CURRENT ACCOUNT DEFICIT MONETARY POLICY FISCAL TRENDS INFLATION PUBLIC EXPENDITURES BANKING EURASIAN ECONOMIC UNION EXPORT DIVERSIFICATION World Bank Group Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum |
| geographic_facet |
Europe and Central Asia Kazakhstan |
| description |
Kazakhstan’s economy in 2019 is expected
to grow at a modest rate. But growth is expected to ease in
2020, with greater risks from the external environment and
vulnerability to shocks. Recently, the economy expanded amid
the slacking external environment. Policy stimulus has
helped domestic demand, but structural weakness is
constraining the economy from expanding further. Continuing
with structural reforms is critical to sustain higher and
more inclusive economic growth. The special topic of this
report is Kazakhstan’s export diversification. Trade plays
an important role in Kazakhstan’s development, and the
country is positioned to benefit from the growing markets of
China, Europe, and Central Asia. Trade offers opportunities
for Kazakhstan’s economic growth and for diversifying away
from oil. The special topic section of this report
highlights the fact that, although Kazakhstan has made
progress in diversifying its export destinations, product
quality outside commodities is still relatively low and has
less than a fifty percent survival rate beyond the first
year if a product was exported beyond the Eurasian Economic
Union (EAEU) or Commonwealth of Independent States (CIS)
markets. OECD data on trade in value added indicate that
Kazakhstan’s exporters used fewer imported inputs compared
to a decade earlier, which suggests a declining
participation in global value chains. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum |
| title_short |
Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum |
| title_full |
Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum |
| title_fullStr |
Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum |
| title_full_unstemmed |
Kazakhstan Economic Update, December 2019 : Sustaining Growth Momentum |
| title_sort |
kazakhstan economic update, december 2019 : sustaining growth momentum |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/738861576757431754/Kazakhstan-Economic-Update-Sustaining-Growth-Momentum http://hdl.handle.net/10986/33066 |
| _version_ |
1764477966415298560 |