Republic of Kazakhstan : 2017 Article IV Consultation- Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

May 9, 2017

Electronic Access:

Free Full Text (PDF file size is 1855 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimulus spending. The sharp exchange rate depreciation in late 2015 and early 2016 triggered a surge in consumer prices, but inflation has come down to levels consistent with the National Bank of Kazakhstan’s target range. The medium-term outlook has improved; growth in the non-oil sector is expected to pick up gradually to 4 percent, benefiting from structural reforms and a resumption of bank lending. Uncertainty is high, however, because the economy remains vulnerable to commodity price swings and especially to a sustained decline in oil prices.

Series:

Country Report No. 17/108

Subject:

English

Publication Date:

May 9, 2017

ISBN/ISSN:

9781475598704/1934-7685

Stock No:

1KAZEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

68

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