(EnergyAsia, July 1 2015, Wednesday) — Turkmenistan’s decision to devalue its currency by 22% on January 1 will help its economy grow by nine percent this year but the current account deficit will more than double from last year’s 5.9% of GDP, said the International Monetary Fund (IMF).
TURKMENISTAN: Currency devaluation to help economy grow by 9%, but current account deficit to widen this year
Posted on July 1, 2015 by EnergyAsia