The economy of Kazakhstan grew 4.3 percent year-on-year in November 2018, following a 5.2 percent expansion in the previous month. Considering the January to November period of 2018, the Kazakh economy advanced 4.8 percent compared to the same period a year ago. Leading Economic Index in Kazakhstan averaged 3.47 percent from 2008 until 2018, 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.
Leading Economic Index in Kazakhstan is expected to be 5.50 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 4.00 in 12 months time. In the long-term, the Kazakhstan Short-Term Economic Indicator is projected to trend around 6.50 percent in 2020, according to our econometric models.