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Kazakhstan's GDP falls 2.6% in 2020

  • The oil-rich Central Asian nation has been hit by the drop in crude prices amid the COVID-19 pandemic.
12 Jan 2021

NUR-SULTAN: Kazakhstan's economy shrank 2.6% last year after growing 4.5% a year earlier, economy minister Ruslan Dalenov told a government meeting on Tuesday.

The oil-rich Central Asian nation has been hit by the drop in crude prices amid the COVID-19 pandemic and reduced output under a global OPEC and non-OPEC producers' agreement.