The economy of Kazakhstan shrank 6.3 percent year-on-year in May of 2020, softer than a 7.2 percent contraction in the previous period, after the government lifted some lockdown restrictions throughout the country. Considering January-May 2020, the GDP declined 0.5 percent over a year ago.
Leading Economic Index in Kazakhstan averaged 3.54 percent from 2008 until 2020, reaching an all time high of 15.40 percent in December of 2009 and a record low of -8.20 percent in October of 2012. This page provides - Kazakhstan Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Short-Term Economic Indicator - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Leading Economic Index in Kazakhstan is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Kazakhstan to stand at 6.50 in 12 months time. In the long-term, the Kazakhstan Short-Term Economic Indicator is projected to trend around 6.50 percent in 2021, according to our econometric models.