Kazakhstan: Slow recovery underway, amid persistent risks

Growth to pick up in 2017

After real GDP growth bottomed out in 2016, driven by the plunge in global commodity prices, 2017 will see a rebound. This is due to higher oil prices and an increased volume of exports (thanks to the resumption of the Kashagan offshore oil field). In this context, there will also be an acceleration of fixed investment growth in the oil and gas sector and metals. However, mineral products and various metals accounted for 82% of exports in 2016.