Kazakhstan’s economy grew by 4% year-on-year in 2017 (from 1% in 2016) and looks set to replicate that strong growth again this year, Chris Weafer, senior partner and founder at Macro-Advisory in Moscow, said in an email to investors, summarising a report issued on May 11.

“The key driver of last year’s recovery and this year’s expected growth is the combination of rising oil output and the oil price recovery,” Weafer wrote.

“Despite last year declaring that the country would prioritise th...


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