Turkmenistan

Asian Development Outlook 2009 Update: Turkmenistan

The Update maintains inflation forecasts for 2009 and 2010 of 12.0% and 10.0%. The drop in global non-oil commodity prices gave rise to deflation pressures, which were partly offset by the increase in administered fuel prices and transportation costs.

The slowdown of gas exports will lower the trade surplus, and the Update revises down the current account surplus projections from 35.0% to 30.0% of GDP in 2009 and from 35.0% to 25.0% in 2010.

• Download Asian Development Outlook 2009 Update.