Kazakhstan Economy Hit by Virus, Drop in Oil Prices

The video discusses the destabilization of global oil markets due to oversupply and reduced demand from the pandemic, leading Kazakhstan to revise its economic growth forecast and seek foreign debt. It explores Kazakhstan's trade with China, highlighting reduced exports of natural gas, copper, and iron ores. The video also examines potential benefits for Kazakhstan's agricultural exports due to Chinese bans on Australian and American produce. Finally, it addresses Kazakhstan's ambitions to become a transit hub between China and Europe, which may be affected by European protectionism.

What was the revised growth forecast for Kazakhstan's economy due to the pandemic?

• 0.0%

• -0.9%

• 4.1%

• 2.5%

How much did Kazakhstan reduce its gas supplies to China?

• 15%

• 20%

• 5%

• 10%

Which agricultural products is Kazakhstan focusing on expanding for export?

• Fruits and vegetables

• Rice and wheat

• Corn and barley

• Soybeans and oil seeds

What is the main goal of Kazakhstan's $12 billion investment in infrastructure?

• To increase domestic travel

• To boost tourism

• To improve local agriculture

• To become a transit hub between China and Europe

What could potentially hinder Kazakhstan's transit hub ambitions?

• Lack of foreign investment

• European protectionism

• Increased oil prices

• Decline in tourism