ADB Adjusted Economic Growth Forecast for Azerbaijan

ADB Adjusted Economic Growth Forecast for Azerbaijan Asian Development Bank (ADB) adjusted its GDP growth forecast for Azerbaijan from 5,8 % to 4,1 %. The information has been contained in the new report of the Asian Development Bank ‘Asian progress review 2012’ presented in Baku on 24 April. According to the bank’s forecast, the indicator will drop to 3.5% in 2013. “The GDP growth in 2012 will be connected with the growth in oil production (after prophylactics of the... Read More

Inflation rate in Azerbaijan; Forecasting Accuracy Problem

Inflation rate in Azerbaijan; Forecasting Accuracy Problem The Azerbaijani State Statistics Committee has surprisingly adjusted its forecasted inflation rate for 2012 6,0 % to 4,0 % as the committee reported. According to the State Committee, “The macro-economic indices reflecting socio-economic development of the country increased in the first quarter of 2012,” he said. “The amount of pensions and population income increased whilst inflation remained at a minimal... Read More