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Kazakh Economy Expands 4.1% in Jan-May

Tuesday 13 June 2017

ASTANA.(Interfax-Kazakhstan) — Kazakhstan’s GDP grew 4.1% in January-May 2017, Minister of National Economy Timur Suleimenov said.

The outlook is not rosy, however. Kazakhstan, whose central bank was forced to allow its currency to float freely, resulting in a sharp plunge in its value, has been hit hard by falling oil prices and recession in neighbouring Russia.

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