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- W4254922012 abstract "Significance Low global oil prices and GDP declines in Russia and other trading partners caused a slowdown in growth in Kazakhstan in 2015 and early 2016. External shocks led to a large devaluation of the currency, hikes in inflation, and low domestic demand and industrial activity. Savers switched from tenge to dollars, and devaluation brought reduced liquidity and increased volatility in the financial markets, undermining the banking system. Impacts Falling living standards are a key political risk for President Nursultan Nazarbayev. Higher oil prices and a modest Russian recovery may offer Kazakhstan some respite. Tenge depreciation against trading partners' currencies will boost non-commodity exports. 'Dollarisation' of the economy will reduce the central bank's ability to implement monetary policies." @default.
- W4254922012 created "2022-05-12" @default.
- W4254922012 date "2016-07-07" @default.
- W4254922012 modified "2023-09-27" @default.
- W4254922012 title "Near-zero growth is expected in Kazakhstan in 2016" @default.
- W4254922012 doi "https://doi.org/10.1108/oxan-db212240" @default.
- W4254922012 hasPublicationYear "2016" @default.
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