Fiscal Balance in Kazakhstan
Kazakhstan - Fiscal BalanceThe short-term economic activity indicator, a proxy for economic growth, accelerated in March, although its overall performance in the first quarter fell short of that recorded in Q4 2018. Fixed investment surged in Q1, while higher real wages and increased credit availability likely buttressed household spending. On the production side, the industrial sector picked up steam in March, largely on the back of a rebound in Chinese manufacturing activity. In the political arena, uncertainty has resurfaced after interim President Kassym-Jomart Tokayev called a snap election for 9 June in early April. Tokayev is favorite to win, whose victory would ensure a high degree of policy continuity on the economic front. Meanwhile, Dariga Nazarbayeva, the former president’s daughter, has shown no intentions of running in the race.
Kazakhstan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.0||-2.7||-2.2||-1.6||-2.6|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
|Exchange Rate||379.5||0.32 %||May 13|
|Stock Market||0.1||0.0 %||May 13|
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May 17, 2019
The industrial sector decelerated notably in April, growing 1.9% over the same day last month.
May 6, 2019
A recently-released breakdown of GDP by expenditure confirmed that the economy grew 4.1% in 2018, thus sustaining the solid pace of expansion logged in the January–September period, in which the economy also expanded 4.1% year-on-year.
May 2, 2019
Consumer prices increased 0.5% over the previous month in April, matching March’s print.
April 15, 2019
Industrial production grew 4.2% year-on-year in March, up from February’s 3.5% expansion.
April 15, 2019
At its latest monetary policy meeting held on 15 April, the National Bank of Kazakhstan opted to cut the rate by 25 basis points to 9.00%, with an interest rate corridor of plus or minus 1.0 percentage point, following a six-month hold.