In 2016 GDP growth in Kazakhstan will amount to 2% with 33% probability of recession

Almaty. January 12. Silkroadnews – In 2016, Kazakhstan’s GDP growth is forecasted at the level of 2%, and the probability of recession (economy recession for 2 or more consecutive quarters) is expected as 33%. These data were obtained from the survey among the economists by Bloomberg agency.
As noted in the data published on Monday, this year the fastest growing economies shall be the following: India - 7.4%, Vietnam - 6.6%, Bangladesh - 6.6%, China - 6.5%, Sri Lanka - 6.4%, Kenya - 6.1%, Panama - 6.1%, Philippines - 6%, Uganda - 5.6% and the Dominican Republic - 5.4%.
10 countries with the worst expected results on the GDP in 2016 are: Venezuela - minus 3.3%, Brazil - minus 2.5%, Greece - minus 1.8%, Ecuador - minus 0.5%, Russia - minus 0.5%, Argentina - 0 with a probability of recession as 60%, Japan - the growth of 1%, Croatia - 1%, Switzerland - 1.2%, and Italy - 1.3%.
To remind, according to the World Bank forecast GDP growth in Kazakhstan in 2016 shall make 1.1%, while the baseline scenario by the Ministry of National Economy of Kazakhstan on oil price in 2016 is forecasted at $40/bbl with Kazakhstan’s GDP growth 2.1%.