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Current economy of Kazakhstan

IMF COMMUNICATIONS DEPARTMENT

ADB VP Visits Kazakhstan to

An IMF mission, led by Hossein Samiei, visited Almaty and Astana during May 13-26 to conduct the 2015 Article IV consultations. The mission met with government and central bank officials, and representatives of the private sector and civil society. In view of large and likely long-lasting external shocks, discussions centered on the policy response, including (i) the implications of the fiscal stimulus for medium-term sustainability and (ii) overhauling the monetary and exchange rate policy framework. The mission thanks the authorities and other counterparts for their hospitality and very helpful and productive discussions.

Outlook and risks

1. Against the backdrop of mostly external shocks, economic growth has decelerated, financial conditions have tightened considerably, and external imbalances are emerging. Real GDP growth slowed to 2.2 percent year-on-year in the first quarter of this year, down from 4.3 percent in 2014 and 6 percent in 2013, driven by spillovers from the slowdown in key trading partners, lower oil prices and output, and weaker domestic demand. Bank lending growth has also decelerated sharply and latest figures point to a nominal contraction in private sector credit of about 1 percent year-on-year. As a result inflation has been falling, reaching 4.6 percent year-on-year in April—well below the authorities’ objective range of 6–8 percent. Despite weaker domestic demand, we project a current account deficit of around 4 percent of GDP by end-2015, primarily because of lower revenues from oil exports. At the same time, the propensity for speculative currency attacks in the context of a tightly-managed exchange rate has contributed to an increase in dollarization over the past year.

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FAQ

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What type of economy is Kazakhstan?

there is no economy in Kazakhstan, it is a Family Business!-)

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Who is the current leader of Kazakhstan 2011.

The President Nursultan Abishevich Nazarbayev.

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What the economy of Kazakhstan is market?

The economy of Kazakhstan is the largest economy in Central Asia. It possesses fossil fuel reserves as well as minerals and metals

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Aggregate Supply and Demand Graph for Kazakhstan Current Economy? | Yahoo Answers

Well, since 1990-1996 the economy was falling, but then with reforms in 1999 things started to get better. But with the world crunch now economy went down drastically since 2006

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Who is the current president of Kazakhstan

Nursultan A. Nazarbayev is the current president of the country of Kazakhstan. The Prime Minister is Karim Masimov.

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