RE: oh come on!5 Jan 2022 21:11
The government will now have to do more than just reverse the gas price rise to calm the atmosphere, said Charlie Robertson, global chief economist at Renaissance Capital, including potentially through big pay increases.
“Government promises to reverse gas price hikes may need to be followed by more gifts to the electorate,” he wrote in a note.
Although he did not expect the events to lead to any significant political change in Kazakhstan, Robertson said that they “will spark more talk of inflation triggering political change”.