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ANALYSIS OF MACROECONOMIC TRENDS AND FUTURE PROSPECTS OF KAZAKHSTAN UNDER THE INFLUENCE OF CОRONAVIRUS

https://doi.org/10.47649/vau.2022.v64.i1.09

Abstract

Due to unfavorable factors, such as the spread of the coronavirus epidemic, a sharp drop in external demand and falling energy prices, the economic growth rate of the Republic of Kazakhstan from 2020 to 2021 went into negative growth, and foreign trade declined sharply, the unemployment rate rose, the national currency continued to fall, the inflation rate in the country increased, and the budget deficit expanded. From an industry point of view, the services sector of the economy suffered greatly during the coronavirus pandemic, the country's mining industry experienced negative growth, but some sectors of the economy, in particular agriculture and construction, developed intensively. As part of the anti-crisis policy, Kazakhstan conducted a free fiscal and monetary policy, which effectively reduced the negative economic and social costs caused by the coronavirus epidemic. The main purpose of this article is to analyze the macroeconomic trends of the Republic of Kazakhstan, determine the future prospects of the country's economy, and develop recommendations for improving macroeconomic indicators.

In the course of the study, general cognitive methods, methods of economic analysis and comparison were used, and the main causes of inflation were identified, the conditions of unemployment and employment of the population were considered, and recommendations were given.

About the Author

Zh. Mamyrbekova
Kh.Dosmukhamedov Atyrau University; Faculty of Economics and Law Atyrau, Republic of Kazakhstan
Kazakhstan

Zhainagul Mamyrbekova - Master

Atyrau



References

1. 1 Wang Haiyan (China). New agreement of the President and Kazakhstan in the new conditions of the new coronary pneumonia epidemic [J] Eurasian economy, 2021 (4).

2. 2 Information obtained from the website of the Economic and Commercial Office of the Chinese Embassy in Kazakhstan http://en.mofcom.gov.cn.

3. 3 Data is taken from the CEIC database.

4. 4 "Unemployment rate in Kazakhstan ranks first in the Eurasian Economic Union", website of the Economic and Commercial Office of the Chinese Embassy in Kazakhstan, http://en.mofcom.gov.cn/article/jmxw/202108/20210803183911sh.2021-10-3

5. 5 In 2020, Kazakhstan's anti-crisis expenditures will reach 6.3 trillion tenge. website of the Economic and Commercial Department of the Chinese Embassy in Kazakhstan, http://en.mofcom.gov.cn/article/jmxw/202106/20210603127675. sht.

6. 6 "Kazakhstan has approved the National Development Plan until 2025," https: //strategy2050.kz/amp/news/aza-stanny-2025-zhyl-a-deyingi-ltty-zhospary-strategiyaly-mindetter-koronada -darys-saldaryn-e-seru-sh / 2021-3-17

7. 7 "ADB will increase Kazakhstan's GDP growth rate to 3.4% in 2021", website of the Economic and Commercial Office of the Chinese Embassy in Kazakhstan, http: // kz.mofcom.gov.cn / article / jmxw / 202109/20210903201189. Shtml

8. 8 "The Central Bank of Kazakhstan will increase inflation expectations in 2021", the website of the Economic and Commercial Office of the Chinese Embassy in Kazakhstan, http://en.mofcom.gov.cn/ar-ticle/jmxw/202109/20210903198309.shtml, last time 2021 Retrieved October 3, 2021.

9. 9 «Standard & Poor's maintains sovereign credit rating of Kazakhstan», Website of the Economic and Commercial Office of the Chinese Embassy in Kazakhstan, http://en.mofcom.gov.cn/article/jmxw/202109/20210903195211.shtml


Review

For citations:


Mamyrbekova Zh. ANALYSIS OF MACROECONOMIC TRENDS AND FUTURE PROSPECTS OF KAZAKHSTAN UNDER THE INFLUENCE OF CОRONAVIRUS. Bulletin of the Khalel Dosmukhamedov Atyrau University. 2022;64(1):83-92. (In Kazakh) https://doi.org/10.47649/vau.2022.v64.i1.09

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ISSN 2077-0197 (Print)
ISSN 2790-332X (Online)