wiiw Forecast Reports
KAZAKHSTAN: Consumption boom fuelled by credit to be over soon
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According to the preliminary statistical report, Kazakhstan managed to achieve 6% real GDP growth in 2013, which makes it the fastest growing economy in the region we analyse. Total GDP growth is expected to remain robust during the whole forecast period of 2014-2016 at a rate of 5.5-6.5%. The oil sector will remain the main driving force of the economy, while the role of private consumption is expected to decline during that period.
Countries covered: Kazakhstan