Kazakhstan could face several risks in 2022 - WEF

Business Materials 11 January 2022 17:30 (UTC +04:00)
Kazakhstan could face several risks in 2022 - WEF

BAKU, Azerbaijan, January 11

By Nargiz Sadikhova - Trend:

Kazakhstan could face several risks in 2022, The Global Risks Report 2022 prepared by World Economic Forum said, Trend reports.

Thus, according to the report, Kazakhstan could face:

  • Employment and livelihood crises, which are structural deterioration of work prospects and/or standards for the working-age population: unemployment, underemployment, lower wages, fragile contracts, erosion of worker rights etc.
  • Failure to stabilize price trajectories, which is an inability to control an unmanageable increase (inflation) or decrease (deflation) in the general price level of goods and services
  • Severe commodity shocks, which are abrupt shocks to the supply and demand of systemically important commodities at a global scale that strain corporate, public and/or household budgets: chemicals, emissions, energy, foods, metals, minerals etc
  • Interstate conflict, which is belligerent bilateral or multilateral conflict between states with global consequences: biological, chemical, cyber and/or physical attacks, military interventions, proxy wars etc.
  • Geopolitization of strategic resources