EBRD forecasts economic downturn in Azerbaijan in 2017

EBRD forecasts economic downturn in Azerbaijan in 2017

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The European Bank for Reconstruction & Development (EBRD), which published today the Regional Economic Prospects, has reported that in 2017 economic decline in its operations region will be only in Azerbaijan and Belarus. According to the EBRD, this year Azerbaijan’s GDP will decrease by 0.5%, but in 2018 will increase by 2%. At that, in 2017 the EBRD increased its forecast by 1%, compared with Regional Economic Prospects of November 2016, and in 2018 decreased by 1.5%. For comparison, the situation in 2017 is also projected to decline by 0.5% and in 2081 increase by 1%…

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