Macroeconomic Forecast Turkmenistan

Alongside the global economic downturn, we hold to our projection that growth in Turkmen real GDP will slow to 5.4% this year, following a blistering 14.5% average annual rate of expansion during 1999-2008. Beyond the 2009 slowdown we expect the global economic recovery and concomitant increase in energy demand to push Turkmen growth up to 8.5% in 2010, accelerating further to 10.0% by 2013.

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