wiiw Forecast Reports

KAZAKHSTAN: Robust growth despite lower oil prices


Alexandra Bykova

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 68-71

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Despite the anticipated decline in oil prices, which will have an adverse impact on exports, economic growth is expected to accelerate over the forecast period due to domestic demand factors. Investments in infrastructure, in particular transport and logistics, will contribute positively to growth in the coming years. Consumption is likely to start recovering in 2023, although inflation is expected to take longer to contain, amid fiscal stimulus and the recent increase in regulated fuel prices.


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

Countries covered: Kazakhstan