wiiw Forecast Reports

KAZAKHSTAN: Falling oil prices bring economic diversification to the fore


Olga Pindyuk

in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 92-95

free download

GDP growth reached 4% year on year in 2018, mainly owing to high oil prices and expansion of production in the oil sector. In 2019, the negative effect of the drop in oil prices on the economy will be somewhat offset by government stimulus measures directed primarily at stimulating private consumption. Nevertheless, economic growth will slow down to about 3% p.a. during the forecast period.


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

Countries covered: Kazakhstan