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The international rating agency Fitch affirmed the ratings of Kazakhstan at the level “of BBB”, reporting on a “stable” outlook on the ratings. The agency pointed to strong state and external balance sheets of the country. At the same time, experts see risks to the economy of Kazakhstan in its dependence on the commodity sector. They also note the weakness of the banking sector and the need to strengthen domestic consumption. Fitch predicts that in 2018 Kazakhstan's economy will grow by 3.8%, provided that the favorable situation in the oil and gas and mining sectors persists, investment in these sectors will increase, having a positive effect on the construction and logistics sectors.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
Asian stocks fell earlier on Monday as the surge in COVID-19 cases in several countries dampened hopes for a quick economic recovery. The total number of cases worldwide has reached over 10 million, resulting in over 500,000 deaths as of June ...
The western Japan prefecture may take two more years to recuperate from the damage of the novel coronavirus crisis. The forecast was rendered by Tetsuya Kan, head of a major regional bank in Osaka, as the pandemic ransacked the city’s ...
KYC Policy