wiiw Forecast Reports

KAZAKHSTAN: Economy accelerates on the back of booming oil sector


Olga Pindyuk

in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 78-81

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Strong industry performance accounts for a speeding-up of economic growth
in 2017. The oil sector is benefiting from output expansion, higher prices and
increased external demand. Real household income has been in decline, and
private consumption growth is financed primarily through bank loans. The
government is adopting measures to achieve fiscal consolidation and revive
the banking sector.


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

Countries covered: Kazakhstan