wiiw Current Analyses and Forecasts

Kazakhstan: Shift from consumption to investment promotion

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in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, , pp. 125-126

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Kazakhstan’s GDP growth in 2012 was primarily driven by expanding household and government consumption. We expect that shifting the focus of the government policies will cause a slowdown in private consumption growth to 6-5% in real terms in the coming years. Investment growth, by con- trast, is expected to pick up and reach 9% in 2015. Improving investment dynamics will provide for an acceleration of overall real GDP growth: by 2015, GDP growth will reach 6.5%.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Kazakhstan


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