Media: Kazakhstan is waiting for a large-scale economic crisis


In connection with the global pandemic of the coronavirus, as well as the accompanying drop in world energy prices, economy Kazakhstan may be in a difficult position, writes OilPrice.com.


Prior to the current crisis, it was expected that the country's GDP would increase by 4 percent. However, subsequent events made adjustments. In particular, OilPrice.com cites the words of the Minister of National Economy Ruslan Dalenov, who claimed that national exports will now be reduced by $ 16,3 billion.

The official pointed to the unification of global negative factors as the main reason for the slowdown in Kazakhstan's economy. Radical measures by the government to combat coronavirus have also led to stagnation, which affects all sectors of the economy, including industry and agriculture.

According to the government’s own estimates, since the beginning of the year, the total value of oil exports has dipped by 65,7 percent. The magnitude of the economic downturn, if the official forecasts are correct, will even surpass the collapse that occurred in 2008-2009.

The article expresses the opinion that Nur-Sultan will be forced to turn to the reserves accumulated in past years. Currently, their size is 60 billion US dollars.
Photos used: John Hill / wikimedia.org
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12 comments
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  1. Arkharov Offline
    Arkharov (Grigory Arkharov) April 4 2020 07: 22
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    Who finally writes about our economy here?
    1. Sergey Latyshev Offline
      Sergey Latyshev (Serge) April 4 2020 07: 43
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      Yes, no one. Most of the articles - what happens behind the hill, what they say there about us ...
      + urya-achievements of the article.
    2. mor7d Offline
      mor7d (mor7d) April 4 2020 11: 21
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      Who finally writes about our economy here

      There are other sites where they write what is happening in the Russian Federation. But everything is bad there.
  2. mor7d Offline
    mor7d (mor7d) April 4 2020 11: 19
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    Due to the global coronavirus pandemic, as well as the accompanying fall in world energy prices, the economy of Kazakhstan may be in a difficult position

    Kazakhstan joins OPEC + and will participate in a deal to reduce production.
    1. isofat Offline
      isofat (Sergei) April 4 2020 12: 27
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      Quote: mor7d
      Kazakhstan joins OPEC + and will participate in a deal to reduce production.

      mor7d, RIAFAN.RU:

      The Russian Federation and Kazakhstan did not support the OPEC + proposal for a new reduction in oil production.
      1. mor7d Offline
        mor7d (mor7d) April 4 2020 12: 37
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        Russia and Kazakhstan did not support

        But Kazakhstan is participating in the OPEC + summit.
      2. mor7d Offline
        mor7d (mor7d) April 4 2020 12: 38
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        Russia and Kazakhstan did not support

        On April 6, OPEC + countries and Azerbaijan and Kazakhstan, which joined them, will discuss a new agreement and new volumes of reduction in oil production.
        1. isofat Offline
          isofat (Sergei) April 4 2020 15: 34
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          mor7d, we also met on the same site. We often discuss the same publication, but does that really mean that we are like-minded?

          mor7d, and you are definitely from Israel?
          1. Arkharov Offline
            Arkharov (Grigory Arkharov) April 4 2020 15: 49
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            And this is so important to you. You can’t eat if he is suddenly from Israel?
            1. isofat Offline
              isofat (Sergei) April 4 2020 16: 02
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              Arkharov, Hello. I have not talked to you for a long time. How are you?

              Quote: Arkharov
              And this is so important to you. You can’t eat if he is suddenly from Israel?

              I tactfully asked mor7d turn on the brain. That's all.
              1. Arkharov Offline
                Arkharov (Grigory Arkharov) April 4 2020 16: 05
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                Not bad. Bye....
          2. mor7d Offline
            mor7d (mor7d) April 4 2020 19: 32
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            isofat I'm not asking, are you definitely from the Russian Federation? (I know that you are from there). Is there anything to say on the case?