Macroeconomic review

We are conducting our fifteenth survey on macroeconomic indicators among leading recognized economists (including economists with experience in central banks), macroeconomics professors, representatives of international development institutions, commercial banks, brokerage companies to obtain a balanced and coordinated view of the factors most important for the economy of Kazakhstan.

This survey focuses on the forecast of macroeconomic indicators over horizons from 1 to 5 years, including:

• Brent crude oil price
• USD/KZT, USD/RUB, RUB/KZT exchange rates
• Inflation in Kazakhstan
• Base rate of the National Bank of Kazakhstan (NBRK)

We understand that revealing the identity of experts may affect the quality of their responses. To maximize the objectivity of opinions, this survey was conducted confidentially. The names and positions of respondents were disclosed only with their formal permission.