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Kazakhstan

Supportive commodity prices will continue to stimulate the economy, while the robust infrastructure spending and the associated multiplier effects will ripple through the economy, with growth expected to be one of the highest in the region at 5.3% yoy, slightly weaker than in 2010. The central bank hinted it might return to managed float in early 2011, we expect the NBK to allow some 5% nominal appreciation taking place in 2011.

The current CEE Quarterly Kazakhstan is available under "Service".