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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 significantly depressed domestic economic activities, with the national economy projected to shrink by 2.5 percent in ....
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 pandem ....
Date Time Share 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 p ....
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. ....