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

Government of Azerbaijan adjusted GDP Growth Rate to 2,5 % for 2012

Government of Azerbaijan adjusted GDP Growth Rate to 2,5 % for 2012 Government of Azerbaijan (GoA) has adjusted its previous official forecast of 5.7 % GDP growth in 2012 to 2.5 % right away after CESD announced its survey results on Monday this week. The report came from Cabinet Ministers of Azerbaijan Republic on September, 26, 2012. In fact, GoA adjustment was based on CESD survey findings announced couple days ago. Hence, GoA failed to achieve... Read More

World Bank has lowered the forecast GDP Growth in Azerbaijan

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

Azerbaijan Economy Since Independence; Independent View

Azerbaijan Economy Since Independence; Independent View Azerbaijan Economy Since Independence; Independent View The CESD report analyzes Azerbaijan Economy since independence which has been through economic crisis, stability, and rapid development. All these steps taken toward development have been remembered ever since for both their uniqueness as well as their conformity to economic realities: firstly, the recession (1992-1995) recovery (1996-1997),... Read More

The World Bank Adjusted GDP Grow Forecast for Azerbaijan

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

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More