Kazakhstan Economic Update, Fall 2015

• Ngôn ngữ: eng
• Ký hiệu phân loại: 915.84 Geography of and travel in Asia
• Thông tin xuất bản: World Bank, Washington, DC, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 320197
• Chủ đề: 1. DEBT SOURCE; 2. MONETARY POLICY; 3. REPO AUCTIONS; 4. TARIFFS; 5. TAX INCENTIVES

Tóm tắt

Kazakhstan's economy faces the challenge of adjusting to a large terms-of-trade shock in a context of declining domestic and external demand. The authorities responded to the collapse of global oil prices through a rapid fiscal adjustment followed by corresponding monetary and exchange-rate policy adjustments. A difficult external environment will continue to affect Kazakhstan's medium-term outlook. In the medium term, the economy continues to face significant downside risks, including the possibility of delays in Kashagan offshore oil production or a protracted recession in Russia and a further slowdown in China. Over the longer term, diversification of the economy will be required to increase its resilience to external shocks.