CESD forecasts a slowdown in economic growth in Azerbaijan

The Center for Economic and Social Development (CESD) has adjusted its previous forecast of 3.5% GDP growth in 2011 to 1.8 %. The center also forecasts 3.2 % growth in the non-oil sector while the Azerbaijan government still targets 6.0 % growth in 2011. CESD reports that the inflation rate in Azerbaijan is expected to be 14.0 %, which scheduled only 5.0 % earlier in the year. Meanwhile, The World Bank released its latest “Global Economic Prospects” report, forecasting slower... Read More