EBRD forecasts economic downturn in Azerbaijan in 2017

EBRD forecasts economic downturn in Azerbaijan in 2017 Full report is available 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... Read More

CESD forecasts a slowdown in economic growth in Azerbaijan

CESD forecasts a slowdown in economic growth in Azerbaijan The Center for Economic and Social Development (CESD) has adjusted its previous forecast of 3.7 % GDP growth in 2012 to 2.1 % after finalizing CESD Surveys Results for the first 8 months of 2012. The center also forecasts 5.2 % growth in the non-oil sector while the Azerbaijan government still targets 9.0 % growth in 2011. CESD reports that the inflation rate in Azerbaijan is expected to be... Read More