The condition and Problems of Development the economy of Kazakhstan in the financial sector instability

Ly V.D.

  • Виктор Ли Al-Farabi Kazakh National University

Abstract

The article is devoted to research of dynamics of economy’s developmentof the Republic of Kazakhstan for the last two years. In particular,the deterioration was observed in key macroeconomic indicators in 2015.Real growth of gross domestic product decreased by 2.9% in comparisonwith the previous period. Also there is decline in prices for oil and metalson the world market, in industrial production and retail trade in Kazakhstan,in foreign trade turnover and crediting of economy of the Republicof Kazakhstan, in international reserves and foreign exchange assets of theNational Bank. The opposite trend is observed in the agricultural sectorand in the volume of deposits in the banking system. In its turn, investmentactivity of economic entities has not changed. In 2016, the globaleconomy remains in low growth but in the first half of the year one hasseen positive changes in the prices of oil and metals. The article also notedrisks, which are able to resume crisis trends (instability of world commodityprices, the change in the monetary policy of the United States, unfavorablegeopolitical situation). On the basis of analyzed data it was noted thatin the medium term, global growth will be profitable.Key words: economy, financial market instability, the global economy,finance.
Published
2018-11-05
How to Cite
ЛИ, Виктор. The condition and Problems of Development the economy of Kazakhstan in the financial sector instability. The Journal of Economic Research & Business Administration, [S.l.], v. 119, n. 1, p. 20-25, nov. 2018. ISSN 1563-0358. Available at: <http://be.kaznu.kz/index.php/math/article/view/2247>. Date accessed: 22 nov. 2018.