CESD: IMF’s GDP forecast for Azerbaijan is not realistic

CESD: IMF’s GDP forecast for Azerbaijan is not realistic The International Monetary Fund (IMF) forecasts GDP growth in Azerbaijan in 2017 at the level of 1.4 %. This is stated in the IMF’s November forecast on the economy of the Caucasus and Central Asia. Meanwhile, the International Monetary Fund predicted a fall in GDP of Azerbaijan for 2016 at 2.4%, in 2017 an growth of 1.4 %. According to Fund’s projections, average annual inflation... Read More

Azerbaijan Economy in the First Eight Months of 2016; Brief Overview

Azerbaijan Economy in the First Eight Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.1 % in the first eight months in 2016 since CESD calculations found out 3.9 % decline... 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