Posted by Administrator on June 15, 2012 · 1 Comment
World Bank has lowered the forecast GDP Growth in Azerbaijan
World Bank (WB), published a Global Economy Prospects Report. The Bank forecasts Azerbaijan’s GDP Growth by 3.1% in 2012, 3.5% in 2012, and 4.5 % in 2014. At the same time a surplus current account in Azerbaijan this year will be as expected in the WB, 24.9% of GDP next year – 21.6%, and in 2014 – only 18%.
Vugar Bayramov, the chairman of the Center for Social and Economic... Read More
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Posted by Administrator on January 18, 2012 · Leave a Comment
The World Bank Adjusted GDP Growth Forecast for Azerbaijan
The World Bank (WB) also adjusted its forecast for GDP Growth in Azerbaijan in 2012, The Bank’s projection decreased from 6,1 % to 3.1% according to WB Global Economic Prospects Report. Last week, International Monetary Fund (IMF) adjusted its economic growth for Azerbaijan from 7.2 % to 5.7 %. IMF’s newest explanation on modification was bottom on decreasing of oil production.
According... Read More
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