MACROECONOMIC ANALYSIS AND THE FORECAST FOR THE KAZAKHSTAN'S ECONOMY IN «COVID-19» PANDEMIC CONDITIONS
Abstract
The purpose of the scientific article is to conduct a macroeconomic analysis in the context of the development of the coronavirus pandemic and present short-term forecasts of Kazakhstan's economic development based on graphical modeling.
Methodology. In the course of writing the work, the following methods were used: research of bibliographic sources, systematization, graphical and qualitative analysis, as well as the «AD–AS» macroeconomic model.
Originality / value of research. The value of the work involves the implementation of modern economic analysis using the methodology of macroeconomic modeling and short-term forecasting to determine the development of priority national sectors within the framework of the COVID-19 course. There are also some suggestions for improving the activities of the state department of economic growth in Kazakhstan.
Findings. The main results obtained include: a brief overview of the economic situation in the world and primary sources on the organization and macroeconomic regulation; the structure and current development of the domestic economy in the context of a pandemic, taking into account the volatility of world oil prices; justified the use of the model of aggregate demand and aggregate supply: «AD–AS» – to determine the level of macroeconomic development of Kazakhstan; implemented an economic assessment of the structure of the state of aggregate demand; short-term forecasts and recommendations for improving the state management of the economy in Kazakhstan are proposed.
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Review
For citations:
Smagulova Sh.A. MACROECONOMIC ANALYSIS AND THE FORECAST FOR THE KAZAKHSTAN'S ECONOMY IN «COVID-19» PANDEMIC CONDITIONS. Central Asian Economic Review. 2020;(4):8-19. (In Kazakh)