Turkmenistan Country Profile

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Turkmenistan has been able to sustain double-digit headline growth for many years and has a macro profile which compares favorably with others in the region and amongst other emerging or frontier economies. The country is, however, feeling the chilling effect of both lower gas and oil prices and the contagion from the 50% devaluation in the Russian ruble’s exchange rate. The value of gas export revenues are expected to fall by approximately 25% this year.