Kazakhstan : Short-Term Vulnerabilities, Positive Prospects

• Ngôn ngữ: eng
• Ký hiệu phân loại: 958.4 *Turkestan
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 317998
• Chủ đề: 1. ACCOUNTING; 2. AMORTIZATION; 3. ASSET POSITION; 4. AVAILABILITY OF CREDIT; 5. BALANCE OF PAYMENTS

Tóm tắt

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.