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The Times of Central Asia (11 May 2020)

Ashgabat

Summing up the results of the Cabinet meeting held on May 8, Turkmenistan President Gurbanguly Berdymukhammedov was satisfied with the fact that the government managed to maintain a high GDP growth rate during the first four months of the year, which amounted to 6.3%, Chronicles of Turkmenistan reported.

At the same time, the head of state stated that the “global economic situation remains extremely complicated” and the authorities expect a reduction in domestic production.

According to Berdymukhammedov, the current sharp drop in oil prices can lead “to a more unfavorable situation compared to the financial crisis of 2008 and the fall in oil prices in 2014-2015”.

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