Current Account in Kazakhstan
Kazakhstan - Current AccountIncoming data points to a sharp contraction in GDP in the second quarter, after growth plunged at the start of the year as the effects of the coronavirus pandemic first took hold. In May, economic activity recorded another sharp fall; retail sales plummeted over 30% amid lockdown and social distancing measures to contain the virus; and industrial production growth fell to a one-year low. Meanwhile, in a setback to the recovery, the government announced it will reintroduce tough lockdown measures in July amid a sharp rise in infections. Government measures had been largely lifted in mid-May to reopen the economy, and the return of restrictions will prolong the economy entering a recovery.
Kazakhstan - Current Account Data
|Current Account (% of GDP)||-5.0||-5.8||-3.1||-0.1||-3.6|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Current Account Chart
|Exchange Rate||382.9||0.32 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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July 17, 2020
Industrial production increased a meagre 0.5% year-on-year in May (April: +6.2% yoy), as the effects of the Covid-19 pandemic dented activity.
July 2, 2020
Consumer prices rose a seasonally-adjusted 0.40% from the last month in June, coming in below May's 0.50% rise.
June 9, 2020
Kazakhstan’s tenge (KZT) strengthened notably against the U.S. dollar in May and at the start of June, after having sunk to a record low in March.
June 8, 2020
The National Bank of Kazakhstan (NBK) decided to keep the base rate steady at 9.50% at its monetary policy meeting on 8 June, after having slashed it by 250 basis points in April in the wake of Covid-19.
June 1, 2020
Consumer prices increased 0.5% month-on-month in May, below April’s 0.9% rise.