IMF: “Growth in Caucasian countries remains volatile and relies mainly on energy resources”

IMF: “Growth in Caucasian countries remains volatile and relies mainly on energy resources” “CCA countries have attained significant economic achievements over the two decades following their independence. The growth rates of these countries exceed the growth rates of many other countries. They also saw a decrease in poverty. Inflation has dramatically decreased from the high levels of 1990s, interest rates also decreased,” the WEO... Read More

ADB Adjusted Economic Growth Forecast for Azerbaijan

ADB Adjusted Economic Growth Forecast for Azerbaijan Asian Development Bank (ADB) adjusted its GDP growth forecast for Azerbaijan from 5,8 % to 4,1 %. The information has been contained in the new report of the Asian Development Bank ‘Asian progress review 2012’ presented in Baku on 24 April. According to the bank’s forecast, the indicator will drop to 3.5% in 2013. “The GDP growth in 2012 will be connected with the growth in oil production... Read More