Quarterly Macroeconomic Survey

Stability and predictability of macroeconomic environment in which the business operates is fundamental to its success. Against the backdrop of the COVID-19 pandemic outbreak being a qualitatively new factor that humanity has encountered, increases the need for quality expert assessments, which can reflect the effects of constantly changing phenomena in the markets, thereby making it possible to make decisions when accurate calculations are not available. 

In this regard, PwC Kazakhstan conducts quarterly survey on macroeconomic indicators among leading reputable economists (including economists with work experience in central banks) and professors of macroeconomics, representatives of international development institutions, commercial banks, brokerage companies to obtain balanced and comprehensive view of the most significant for Kazakhstan economy factors. 

This survey is focused on the forecast of macroeconomic indicators in horizons from 1 year to 5 years, including:

• BRENT oil price
• USD/KZT, USD/RUB, RUB/KZT exchange rates
•  Inflation in Kazakhstan
• National Bank of Kazakhstan base rate
  

We understand that disclosing the identity of experts can affect the quality of responses. This survey was conducted confidentially to maximize objectivity of opinions. The names and positions of the respondents were disclosed only upon formal permission of the respondent.