Wednesday 23 May 2012

With Kazakhstan at crossroads, level heads must prevail - The National

Over a 21-year time frame, Kazakhstan's economy is arguably the most successful of those that broke away from the Soviet Union in 1991.

It has not had the fastest rate of growth over that period. According to IMF statistics, that honour goes to Azerbaijan, which has averaged 4.9 per cent against Kazakhstan's 2.6 per cent annually.

Nor is it the biggest economy. Ukraine takes that prize by some way and Kazakhstan's estimated US$216 billion (Dh793.43bn) output last year is smaller than that of the UAE and about the same size as Israel's.

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