Kazakhstan: struggling economy hits cement industry

Kazakhstan: struggling economy hits cement industry
Published: 07 October 2016


With a slump in oil prices, geopolitical tension between Russia and the West, and a slowdown in the Chinese economy, Kazakhstan’s GDP grew just 0.1 per cent YoY in 1H16. Following the decision of the central bank to partly float the currency, the tenge has fallen from KZT140 to the US$ to KZT340 over the past 30 months.

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