Kazakhstan Growth Slows as External Pressures Rise : Kazakhstan Economic Update, Fall 2014
Kazakhstan is experiencing slower economic growth in 2014 due to negative supply- and demand-side effects. The Kazakh authorities are using expansionary fiscal and monetary policies to stimulate domestic demand. An uncertain global economic environ...
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| Format: | Economic Updates and Modeling |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/09/20346204/kazakhstan-growth-slows-external-pressures-rise-kazakhstan-growth-slows-external-pressures-rise-kazakhstan-economic-update-fall-2014 http://hdl.handle.net/10986/20670 |
| Summary: | Kazakhstan is experiencing slower
economic growth in 2014 due to negative supply- and
demand-side effects. The Kazakh authorities are using
expansionary fiscal and monetary policies to stimulate
domestic demand. An uncertain global economic environment
and regional geopolitical tensions pose risks to the
economic outlook of Kazakhstan. If the economic slowdown
starts to have a negative effect on the labor market, the
government has instruments to mitigate its impact on the
most vulnerable population. The government has identified a
set of reforms that are expected to help diversify the
economy and expand the non-oil sector. They have launched a
major program of support for the development of small- and
medium-sized enterprises, including by addressing the
constraints related to access to credit. They are also
working to improve the national regulatory and governance
framework that will enhance the transparency and efficiency
of economic transactions, facilitate private sector
participation, and improve service delivery to the
population. Ongoing reforms in customs administration and
the courts are part of its reform agenda. |
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