wiiw Forecast Reports

KAZAKHSTAN: Domestic demand spurring growth despite external headwinds


Alexandra Bykova

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 95-98

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Economic growth will decelerate to below 4% over the forecast period, having peaked at 4.5% in 2019 on the back of extensive fiscal stimuli. Domestic demand will remain robust, but low exports, along with strong import demand for capital goods, will negatively impact economic performance. A decline in commodity prices and the slowdown in China are downside risks to export dynamics.


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

Countries covered: Kazakhstan