Publication: Kazakhstan : Short-Term Vulnerabilities, Positive Prospects
Date
2014-03-31
ISSN
Published
2014-03-31
Author(s)
World Bank
Abstract
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.
Citation
“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.”