wiiw Forecast Reports
KAZAKHSTAN: Economic growth loses pace
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Kazakhstan’s economic growth will drop to an annual rate of 4.5-5% over the period 2014-2016 owing to the delay in the launch of the Kashagan oil field and weaker external demand. The recent devaluation of the national currency appears to have had a net negative impact on the country’s economy, while the improvement in the current account balance will be only temporary. The banking sector in Kazakhstan continues to struggle with an excessive number of non-performing loans.
Countries covered: Kazakhstan