ADB lowered its forecast for Kazakhstan's economic growth expecting a decrease in private consumption in response to higher import prices and diminished private investment.
Kazakhstan ended up in the 10 World’s Worst Performers in Economy compiled by Bloomberg.
The country’s GDP growth figure in 2014 made up 4.3%.
Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.
Back in September 2014 the Bank had estimated the country’s 2015 growth rate at 5.1%.
The Speaker of Kazakhstan's Senate said that there are plans to significanly improve life in the country. By 2050, the country has the chance of becoming one of the safest and comfortable countries.
Senior Director at Standard & Poor's Sovereign Ratings division Christian Esters talks about Kazakhstan's rating outlook and downgrade of GDP growth forecast.
According to the Fund’s estimates, the inflation ratio is expected to reach 9%, “although the Government has been trying to keep the inflation ratio within the range of 6-8%”.
More than 2.2 billion people are "poor or near-poor", with financial crises, natural disasters, soaring food prices and violent conflicts threatening to exacerbate the problem, a United Nations report said.
Kazakhstani Ministry of Industry and New Technologies proposed an alternative to free holiday packages.
Standard & Poor’s rating agency predicts a decline in Kazakhstan GDP to 4.5% due to reduced volumes of oil production and a slowdown of the Russian economy.
Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
Voters in El Salvador cast ballots Sunday in a presidential runoff expected to crown the current vice president, a former guerrilla commander, as the country's new leader.
US Secretary of State John Kerry praised the Greek government Friday for making "tough choices" to resolve the country's economic crisis and said he believed the situation was improving.
A blanket program to develop the financial sector to 2030 must be drafted by June 1, 2014: President.
The French state has raised 451 million euros ($614 million) by selling a one percent stake in European aircaft and defence corporation Airbus Group, the economy minister said Thursday.
The World Bank on Tuesday raised its growth forecasts for the global economy, but warned of potential volatility in capital flows as the United States withdraws its stimulus.
Negotiators from the US Senate and House of Representatives unveiled a $1 trillion spending bill late Monday, eliminating the threat of another government shutdown, at least until October.
British finance minister George Osborne will warn that 2014 is to be the year of "hard truths" and public spending cuts when he sets out his plans for the year ahead.
France's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.
- Asian Development Bank
- Standard & Poor's
- National Bank
- Central Asia
- life expectancy
- Asia Pacific
- El Salvador
- United States
- World Bank
- Great Britain