Publication: Kazakhstan : Short-Term Vulnerabilities, Positive Prospects
This economic update is structured as follows: section A describes the recent economic developments, with a focus on emerged imbalances in the external accounts, which led to growing depreciation expectations and resulted in the one-off tenge devaluation in early 2014. Section B provides an overview of recent macroeconomic policies and the government's forward-looking vision of moving toward a diversified knowledge-based economy by improving the country's endowments. Section C outlines the medium-term economic prospects for Kazakhstan, which is expected to benefit from the global economic recovery, but face risks, both external and domestic. Section D discusses possible short- to medium-term impacts of the devaluation on the economy and suggests a set of policy measures to mitigate inflationary pressures.
“World Bank. 2014. Kazakhstan : Short-Term Vulnerabilities, Positive Prospects. Kazakhstan Economic Update;Spring 2014. © World Bank, Washington, DC. http://hdl.handle.net/10986/18651 License: CC BY 3.0 IGO.”