(Kazakhstan ) Kazakhstan had a less fortunate economic year in 2014, caused by the decreasing oil price in the second half of last year and the negative wealth effects as a result of the tenge devaluation. For 2015, substantially lower economic increase and twin deficits are expected.
Sourced through Scoop.it from: globserver.cn
A high degree of national intervention and corruption, against the backdrop of poor infrastructure in a landlocked and sparsely populated country, make it very difficult for the private sector to develop. Moreover, a weak banking sector lacks the capacity to support the private sector financially.