wiiw Current Analyses and Forecasts
Kazakhstan: Shift from consumption to investment promotion
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in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 125-126
Kazakhstan’s GDP growth in 2012 was primarily driven by expanding household and government
consumption. We expect that shifting the focus of the government policies will cause a slowdown in
private consumption growth to 6-5% in real terms in the coming years. Investment growth, by con-
trast, is expected to pick up and reach 9% in 2015. Improving investment dynamics will provide for
an acceleration of overall real GDP growth: by 2015, GDP growth will reach 6.5%.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Kazakhstan