In Kazakhstan, Russia’s invasion of Ukraine is likely to reduce growth to 1.5 percent in 2022. This figure follows 4 percent growth in 2021, driven by a rebounding economy, consumption growth, and supportive fiscal policy. Higher food and energy prices have accelerated inflation. The poverty rate is expected to fall in 2022 but remain above pre-pandemic levels. Inflation will also remain elevated due to supply disruptions arising from the war in Ukraine. This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.
Details
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Author
World Bank
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Document Date
2022/04/22
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Document Type
Brief
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Report Number
170612
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Volume No
1
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Country
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Disclosure Date
2022/04/22
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Disclosure Status
Disclosed
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Doc Name
Macro Poverty Outlook for Kazakhstan : April 2022
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Citation
World Bank
Macro Poverty Outlook for Kazakhstan : April 2022 (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099002304222221312/IDU0fb1ef2460d9a504397082a4081b358c9de2c