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Lower Oil Prices In Kazakhstan Have Slowed Economic Growth
Feb 06, 2018

According to news from Haarton International Moody's that the slow economic growth in Kazakhstan in recent years is mainly due to the downturn in oil prices. The current level of crude oil prices ease the pressure on foreign trade some extent in Russia, Kazakhstan and Azerbaijan and other countries, but because the overall oil price at a low level, despite the economic rebound, it will not be able to return to the growth rate before 2014. Moody predicts that in the medium term, oil prices will fluctuate in the range of $ 40 to $ 60 a barrel and the economies of oil-exporting countries will slowly grow in the coming years.


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