wiiw Forecast Reports

KAZAKHSTAN: Challenges ahead

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Alexandra Bykova

in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 69-73

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Recession in Russia will drag down Kazakhstan’s economic performance in 2022. Inflation will accelerate on the back of high global food and energy prices, as well as high imported inflation from Russia. At the same time, elevated global commodity prices will have a beneficial impact on exports and tax revenues, and we expect net exports to make a positive contribution to economic growth. We have revised our real GDP growth forecast in the baseline scenario down to 1.5% for 2022 and 3.2% for 2023.

 

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

Countries covered: Kazakhstan


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