wiiw Forecast Reports

KAZAKHSTAN: Relying on state support to sustain economic growth


Alexandra Bykova

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 72-75

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GDP growth will remain robust at 4% in 2019, driven mainly by private consumption, but will slow to around 3.5% in 2020 and 2021, as the stimulating effect of fiscal packages dies out. The current account balance will deteriorate as imports rise on the back of stronger demand for consumer and capital goods. Export growth could decelerate amid an expected economic slowdown in Kazakhstan’s main trading partners.


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

Countries covered: Kazakhstan