Kazakh Growth Revised Upwards
Kazakh Growth Revised Upwards

Kazakh Growth Revised Upwards

Kazakh Growth Revised Upwards

Kazakhstan’s economic growth estimate for 2017 has been revised upwards from 2.4% to 3.7%, reflecting a better-than-expected oil sector performance, driven by the launch of production at the Kashagan oil field and higher oil prices, says the World Bank’s fall edition of the Kazakhstan Economic Update, Finchannel reported. The report has a special focus on the private sector in Kazakhstan and highlights challenges that pose a significant barrier to unlocking the sector’s potential. This year, Kazakhstan’s economy started to recover from the crisis caused by the fall in global oil prices, with real GDP growing by 4.3% in the first nine months of 2017, compared to 0.4% in the same period of 2016. “Despite the ongoing economic recovery, growth will remain lower than in the pre-crisis period. Low resilience of Kazakhstan’s economy to external shocks remains the major challenge for achieving stable and sustainable development,” says Ato Brown, World Bank country manager for Kazakhstan. “To accelerate and deliver inclusive growth, Kazakhstan needs new drivers of growth.”


Short URL : https://goo.gl/uAcZAt
  1. https://goo.gl/1UqtDK
  • https://goo.gl/QCt4me
  • https://goo.gl/uEL1oJ
  • https://goo.gl/SHr6sw
  • https://goo.gl/CdFqHi

You can also read ...

Closing Africa’s Wealth Gap
From “Africa Reeling” to “Africa Rising”, there’s a new...
Asian countries form a crucial part of the supply chain for many of the Chinese electronics the US has slapped with tariffs.
The mounting trade tensions between the US and much of the...
Venezuela Wants to Improve Economy
Venezuelan Labor Minister Eduardo Pinate says the Bolivarian...
The accumulated improvement in the structural balance since 2015 amounted to 0.7% of GDP.
The European Council closed the excessive deficit procedure...
GDP expanded 6.8% year-on-year in the Q1.
With growth resilient and progress made in the pursuit of high...
New Whistleblower Rises Against India’s ICICI Bank
India’s private lender ICICI Bank has been identified as a...
Italy’s New Gov’t Facing Daunting Challenges
Italy’s Five Star Movement and the Lega party managed to form...
Bitcoin Falls to Four-Month Low
Bitcoin dropped to a more than four-month low on Friday,...

Add new comment

Read our comment policy before posting your viewpoints