Kazakhstan Institute for Strategic Studies concerned about global crisis prerequisites

12 August, 2014 13:16

“So called “bubbles” arising at the world financial market are prerequisites for the crisis,” First Deputy Director of Kazakhstan Institute of Strategic Research Leila Muzaparova said during the media briefing in Central Communications Service under the President of Kazakhstan in Astana today.

The President has raised a lot of hot points relating further social-economic development of the country speaking at the enlarged Government’s meeting on August 6, 2014 in Akorda.

“Our President Nazarbayev instructed the government to focus future economic policy of the country on the existing risks of the situation in the global economy. In particular, the development of world economy and the monetary policy of the leading central world banks contributes new financial crisis arising due to economic slowdown from the one side and to economy pumping, in particular financial markets by moneys which can “distend new bubbles” from the other side,” Muzaparova stated.

According to her, crisis prerequisites are formed in three key sectors: macroeconomic, monetary and financial markets

“Currently the stock markets of the U.S. Britain and Germany covered by the danger crisis situation where such bubbles have already formed. They can burst in the near future and cause a crisis events,” the First Deputy Director of Kazakhstan Institute of Strategic Research believes.

Madina Nurbekova

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