Republic of Kazakhstan : 2015 Article IV Consultation-Press Release; Staff Report for the Republic of Kazakhstan

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

September 3, 2015

Electronic Access:

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Summary:

This 2015 Article IV Consultation highlights that against the backdrop of external shocks, economic growth and inflation in Kazakhstan have decelerated. Financial conditions have tightened, and external imbalances are emerging. Real GDP growth slowed to an annualized 2 percent during the first quarter of 2015, down from about 4 percent in 2014 and 6 percent in 2013. In addition to weaker external demand, slower growth was driven by the impact of lower income and profitability and confidence effects on private consumption and domestic investment. Real GDP growth is projected to decelerate to 2 percent in 2015, owing to weaker demand from Russia and China, lower oil prices, confidence effects, and continuing delays in the Kashagan oil field.

Series:

Country Report No. 15/241

Subject:

Notes:

Also Available in Russian

English

Publication Date:

September 3, 2015

ISBN/ISSN:

9781513575247/1934-7685

Stock No:

1KAZEA2015001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

79

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