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

IMF forecasts 7.9% inflation rate in Azerbaijan in 2015

IMF forecasts 7.9% inflation rate in Azerbaijan in 2015 The International Monetary Fund (IMF) has published updated World Economic Outlook (WEO), noting that the consumer price index (CPI) in Azerbaijan has medium-term growth trend. According to the WEO, CPI in Azerbaijan will make up 5% in 2015, another 4.2% in 2016 and will rise up to 4.5% in 2020. According to the Fund’s forecasts, by the end of 2015 country’s consumer inflation will total... Read More

Economic growth rate was 0.7% in Azerbaijan

Economic growth rate was 0.7% in Azerbaijan In January-May, 2012, GDP production rose 0.7% to AZN 20.9 bln. State Statistical Committee says 67.9% of GDP was production, 25.9% – service spheres, 6.2% – net taxes for product and import, APAreports. The production in non-oil sector rose 10.5%, in oil-gas sector – decreased by 6.5% in comparison to a year earlier. GDP per capita made AZN 2,281.5 or $ 2,901.9. Note that, according... Read More