Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector Azerbaijan industrial production dropped to 3,0 billion manat ($ 3,84 billion) in January 2013, according to data released by the State Statistic Committee of Azerbaijan. Compared to this time last year, industrial production has declined 2,0%, down from 3,06 billion manat ($ 3,92 billion) in industrial products registered in January 2012. According to the State... Read More

CESD: IMF’s Forecasts are Unrealistic

CESD: IMF’s Forecasts are Unrealistic The IMF’s more upbeat prognosis of 2012 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. International Monetary Fund (IMF) has increased much the forecast of economic growth rate on Azerbaijan stated in its specified World Economic Outlook (WEO), published on October, 09, 2012. The IMF expects that this year Azerbaijan’s... Read More