Kazakhstan needs to focus on delivering reforms to ensure full recovery
February 1, 2021
Kazakhstan needs to focus on delivering reforms for inclusive economic recovery and higher productivity to ensure a full recovery from the impact of the Covid-19 pandemic.
Kazakhstan’s economy is expected to grow modestly by 2.5 per cent in 2021 and support higher growth by 3.5 per cent in 2022, but significant downside risks remain due to uneven worldwide economic recovery and higher debt-related risks on the global financial market, according to the World Bank’s latest Kazakhstan Economic Update.
World Bank experts say that 2020 was the most challenging year for Kazakhstan’s economy in the last two decades. The fallout of the Covid-19 pandemic has hit the economy harder than the crises in 2008 and 2015. The spread of the pandemic halted global activity in the second quarter of 2020 and depressed global demand and price of oil, which is Kazakhstan’s main export commodity. The pandemi
Kazakhstan’s Economy to Recover Modestly in 2021, But COVID-19-induced Poverty on the Rise
Published 2 months ago
Kazakhstan’s economy is expected to grow modestly by 2.5 percent in 2021 and support higher growth by 3.5 percent in 2022, but significant downside risks remain due to uneven worldwide economic recovery and higher debt-related risks on the global financial market. These key finding of the World Bank’s latest Kazakhstan Economic Update –
A slow recovery through the COVID-19 crisis, were discussed today at an online event with participation of national experts.
World Bank experts name 2020 as the most challenging year for Kazakhstan’s economy in the last two decades. The fallout of the COVID-19 pandemic has hit the economy harder than the crises in 2008 and 2015. The spread of the pandemic halted global activity in the second quarter of 2020 and depressed global demand and price of oil, which is Kazakhstan’s main export commodity. The pandemic also signifi
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Kazakhstan’s Economy to Recover Modestly in 2021, But COVID-19-induced Poverty on Rise, Says World Bank
Kazakhstan’s economy is expected to grow modestly by 2.5 percent in 2021 and support higher growth by 3.5 percent in 2022, but significant downside risks remain due to uneven worldwide economic recovery and higher debt-related risks on the global financial market. These key finding of the World Bank’s latest Kazakhstan Economic Update – A slow recovery through the COVID-19 crisis, were discussed today at an online event with participation of national experts.
World Bank experts name 2020 as the most challenging year for Kazakhstan’s economy in the last two decades. The fallout of the COVID-19 pandemic has hit the economy harder than the crises in 2008 and 2015. The spread of the pandemic halted global activity in the second quarter of 2020 and depressed global demand and price of oil, which is Kazakhstan’s main export commodity. The pandemic also si
Kazakhstan’s economy to grow modestly by 2.5% in 2021, but downside risks remain
World Bank experts name 2020 as the most challenging year for Kazakhstan’s economy in the last two decades. World Bank | Nur-Sultan | Updated: 29-01-2021 18:01 IST | Created: 29-01-2021 18:01 IST
The spread of the pandemic halted global activity in the second quarter of 2020 and depressed global demand and price of oil, which is Kazakhstan’s main export commodity. Image Credit: www.worldbank.org
Kazakhstan s economy is expected to grow modestly by 2.5 percent in 2021 and support higher growth by 3.5 percent in 2022, but significant downside risks remain due to uneven worldwide economic recovery and higher debt-related risks on the global financial market. These key finding of the World Bank s latest Kazakhstan Economic Update - A slow recovery through the COVID-19 crisis, were discussed today at an online event with the participation of national experts.