Kazakhstan : Recent Economic Developments

This paper reviews economic developments in the Republic of Kazakhstan during 1995–98. Following a cumulative decline of 31 percent during 1992–95, real GDP began to recover in 1996, and the resumption of growth seems to have been firmly established with growth rates of 2 percent being recorded in 1997 and in the first quarter of 1998. At the same time, inflation has fallen continuously since reaching a peak of more than 3,000 percent (annual rate) in mid-1994. By the end of 1997, the rate of price increase had fallen to about 11 percent.
Publication date: September 1998
ISBN: 9781451820782
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Labor , Labor , Public Policy- Social Security , Public Policy- Social Security , pension , pensions , wage , payroll , benefits

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