wiiw Current Analyses and Forecasts
Kazakhstan: Banking sector problems still to be solved
in: Fasting or Feasting? Europe - Old and New - at the Crossroads
wiiw Current Analyses and Forecasts No. 10, July 2012 , pp. 114-117
The Kazakh economy will not have the capacity to reach the 7% real growth target officially set for 2012. That notwithstanding, growth will still be relatively strong: 6% year-on-year. In 2013-2014 the economy will continue to rely on the oil sector as a primary source of growth. Developments in the banking sector continue to suffer from the consequences of the 2008 crisis, as the share of non-performing loans in Kazakhstan remains high.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Kazakhstan