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Kazakhstan: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in the Republic of Kazakhstan during 1995–98. Following a cumulative decline of 31 percent during 1992–95, real GDP began to recover in 1996, and the resumption of growth seems to have been firmly established with growth rates of 2 percent being recorded in 1997 and in the first quarter of 1998. At the same time, inflation has fallen continuously since reaching a peak of more than 3,000 percent (annual rate) in mid-1994. By the end of 1997, the rate of price increase had fallen to about 11 percent.

Suggested Citation

  • International Monetary Fund, 1998. "Kazakhstan: Recent Economic Developments," IMF Staff Country Reports 1998/084, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1998/084
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    Cited by:

    1. Islamov, Bakhtior, 2001. "Central Asia: Problems of External Debt and Its Sustainability," Discussion Paper Series a413, Institute of Economic Research, Hitotsubashi University.
    2. Atakhanova, Zauresh & Howie, Peter, 2007. "Electricity demand in Kazakhstan," Energy Policy, Elsevier, vol. 35(7), pages 3729-3743, July.

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