Op-Ed

Central Asia: The First Economic Contraction In A Quarter Century

By Lilia Burunciuc and Ivailo Izvorski on 16 October 2020

The Central Asia region is experiencing an economic contraction not seen for a very long time. Not since 1995, when the recession brought about by the transition from the soviet system ended. Not even during the Russian financial crisis of 1998, when global financial markets crumbled, and oil prices...