ADB: New Devaluation Is Possible in Azerbaijan

ADB: New Devaluation Is Possible in Azerbaijan The Asian Development Bank (ADB) has published today an update to its report Asian Development Outlook (ADO 2015 update), sharply reduced the projected surplus of current account of Azerbaijan’s balance of payments. According to ADO 2015 update, the forecast of Azerbaijan’s surplus for 2015 was reduced from 12% to 6% of GDP and in 2016 from 13.4% to 8% of GDP. At the same time the Bank has kept the... Read More

CESD: ADB’s Forecasts are Unrealistic

CESD: ADB’s Forecasts are Unrealistic The Asian Development Bank’s more upbeat projection of 2015 economic growth was met with skepticism as CESD economists said which the decline of crude oil price would continue to hamper the country’s growth. ADB expects that the GDP growth in Azerbaijan will be equal to 3.0 percent in 2015 and 2.8 percent in 2016. ADB Asian Development Outlook, published this week says that “despite a continuing slowdown... Read More

ADB Adjusted GDP Growth Rate for Azerbaijan from 4,1 % to 3,0 %

ADB adjusted GDP Growth Rate for Azerbaijan from 4,1 % to 3,0 % Asian Development Bank (ADB) adjusted GDP Growth Rate for Azerbaijan from 4,1 % to 3,0 % according to updated Asian Development Outlook. In the first half of 2012, GDP grew by 1.5% on an annual basis, up from 0.9% in the same period of 2011 but still anemic, primarily reflecting inefficient oil well operation in Azerbaijan. The continued contraction of oil production has dampened expectations... Read More