In Kazakhstan, summed up the first year of the presidency Tokayev

The first year after inauguration of the President of Kazakhstan Kassym-Jomart Tokayev was against the background not only of unprecedented problems in the global economy caused by trade wars and pandemic coronavirus, but major incidents in the Republic. However, interviewed by RIA Novosti experts do not exclude that the President is not all of the plans have been realized, but sure made a lot.

The sixth presidential elections were held in Kazakhstan on 9 June 2019. The victory with a score of 70,96% of votes won Tokayev, who was put forward by the party Nur Otan, headed by the ex-head of state Nursultan Nazarbayev. President in Kazakhstan is elected for five years. The ceremony of inauguration took place on 12 June 2019. It was the second inauguration Tokayev less than three months. He was sworn in March 2019, when assumed the office of the President of Kazakhstan after Nazarbayev resigned.

Doctor of economic Sciences, chief researcher at the Kazakhstan Institute for strategic studies under the President of Kazakhstan Vyacheslav Dodonov notes that "the first year of his presidency Tokayev was marked by severe problems in the global economy, which grew and deepened".

"In 2019 it was a trade war, the United States and China, which was in a fever of financial and commodity markets, and this year the world faced with the economic downturn, which has no analogues in peacetime since the great depression. Kazakhstan is closely integrated into the world economy through foreign trade and foreign investment and for that reason very much depends on its condition. Therefore, the world crises and external shocks will always be a serious test for macro-financial stability and the current crisis is no exception," - said RIA Novosti Dodonov.

He noted that "according to preliminary data of the Ministry of economy, in the first five months of this year, Kazakhstan's GDP fell by 1.7%, while estimates were given in March, in the midst of falling oil prices, many organizations and experts, both Kazakhstan and international - expected decline at the end of the year at the level of 1-2%".

"With these assessments is acceptable. The amount of stimulus measures that are implemented in support of the economy (about 8% of GDP), will allow to absorb part of the shocks and to smooth out the problems. Without these measures, the decline in GDP for the year could reach 5-6%. But it should also be noted that the current situation in the world economy and in the markets highly volatile and unprecedented volatility it is extremely difficult to predict its development up to the end of the year and accurately assess the impact on the economy of the country", - the expert believes.

Dodonov called significant the fact of recognition by Tokayev necessary reforms and implementation of appropriate measures.

"In January this year, the President announced the preparation of a program of deep, radical reforms of the economy and the new economic policy of Kazakhstan development, and the establishment of a special body for the promotion and monitoring of reforms - of the Center for analysis and monitoring of socio-economic reforms under the presidential administration (created in February). If to speak about concrete directions of reforms, it is necessary to mention that so far they have only identified as such, as priorities of the new economic policy, and their implementation will take a long time", - said the expert.

Thus, according to the expert, "after it was announced the course on economic reform, an event occurred which can be called force majeure - the collapse in oil prices and stronger global crisis because of the pandemic, therefore, to the fore of economic policy came not reform, and the support of the population and the economy in an extremely complicated internal and external conditions". Dodonov believes that "as overcome this situation, the reforms will be activated".

The expert notes that the main directions of economic reforms marked such as modernization of the economy to reduce dependence on the commodity sector (a radical diversification of the industry)