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Republic of Kazakhstan: 2017 Article IV Consultation- Press Release; and Staff Report

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  • International Monetary Fund

Abstract

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimulus spending. The sharp exchange rate depreciation in late 2015 and early 2016 triggered a surge in consumer prices, but inflation has come down to levels consistent with the National Bank of Kazakhstan’s target range. The medium-term outlook has improved; growth in the non-oil sector is expected to pick up gradually to 4 percent, benefiting from structural reforms and a resumption of bank lending. Uncertainty is high, however, because the economy remains vulnerable to commodity price swings and especially to a sustained decline in oil prices.

Suggested Citation

  • International Monetary Fund, 2017. "Republic of Kazakhstan: 2017 Article IV Consultation- Press Release; and Staff Report," IMF Staff Country Reports 2017/108, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2017/108
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    Cited by:

    1. Marcus Noland, 2018. "US Trade Policy in the Trump Administration," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 262-278, July.
    2. Mohsen Bahmani-Oskooee & Hanafiah Harvey & Amr Hosny, 2019. "Kazakhstan trade with its partners and the role of tenge: an asymmetric analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 493-513, December.
    3. Zauresh Atakhanova, 2021. "Kazakhstan’s oil boom, diversification strategies, and the service sector," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(3), pages 399-409, October.
    4. Noland, Marcus, 2018. "US international economic policy in the Trump administration," MPRA Paper 84435, University Library of Munich, Germany.

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