Macroeconomic Forecast Turkmenistan

We expect Turkmenistan's economy to expand by 9.7% this year, following a strong 9.2% real GDP showing in 2010, according to the State Committee of Turkmenistan. The Turkmen economy continues to be driven largely by the burgeoning energy sector, and with energy prices at elevated levels, this only stands to benefit the wider economy. While hydrocarbons will remain key to the economic expansion, we continue to expect that the government will direct revenues from the energy sector to develop other areas of the economy.

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