ABSTRACT

COVID-19 in Kazakhstan: Economic Consequences and Policy Implications   [open pdf - 0B]

From the Document: "The coronavirus outbreak and subsequent policies of lockdowns both in cities and on interregional scales has brought about immense, and simultaneous, public health, economic, and social crises in Kazakhstan. This is particularly due to the COVID-19 [coronavirus disease 2019] induced negative supply shock, quarantine measures that have affected the service sector disproportionately, thus driving economic activity in certain industries down to zero. Due to the potentially long-term sluggish structural adjustment of the economy, a large proportion of workers employed in those industries (both formal and informal) are facing the grim perspective of a prolonged period of lost-incomes and possible mass layoffs with lasting depressing effects on aggregate demand, which can further depress the economy."

Report Number:
CAP Paper No. 234; Central Asia Program Paper No. 234
Author:
Publisher:
Date:
2020-07-20
Series:
Copyright:
Central Asia Program
Retrieved From:
Central Asia Program: https://centralasiaprogram.org/
Media Type:
application/pdf
URL:
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