What awaits the Kazakh economy: economists' forecasts

In early September, the President of Kazakhstan will again address the population with an annual message. On the eve of this event, I decided to talk to well-known economists about their expectations regarding the main political statement in the country. 

The Kazakh economy is in a deep crisis: the hole in the budget is only growing, as are transfers from the National Fund, and indicators such as attracting investments in capital and the real well-being of citizens are only falling. In this regard, independent economist Aidarkhan Kusainov believes that the current economic model has exhausted itself and it will inevitably collapse. Well, to equalize the situation, tenge needs to be devalued up to 1000 tenge per dollar. Other experts, Petr Svoik and Askar Kysykov, agree that the current rules do not work. 

In this video, we discussed with colleagues our forecasts and expectations from Kassym-Jomart Tokayev's message to the people of Kazakhstan, further developments around the Kazakh economy and discussed possible ways out of the crisis. In addition, I asked experts to give practical advice to Kazakhstanis on how to manage their assets and how to survive difficult times. I hope everyone will learn something useful for themselves!