Azerbaijan Economy in 2016; Brief Overview

Azerbaijan Economy in of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.8 % in 2016 since CESD calculations found out 4.4 % decline in the economy. According to the State Statistic Committee reports, the... Read More

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.0 % in the first seven months in 2016 since CESD calculations found out 3.7 % decline... Read More

Hyperinflation threatens Azerbaijan

Hyperinflation threatens Azerbaijan After the second devaluation of the manat last year and the events that followed: inflation, emergence of the almost forgotten word – deficit, which applies to medicines, foods, cigarettes and alcohol, the population of Azerbaijan is very anxious. In fact, what could be the highest inflation rate in Azerbaijan this year? Could it reach the terrifying numbers, such as 43% in Ukraine in the last year? As it... 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

Inflation rate in Azerbaijan; Forecasting Accuracy Problem

Inflation rate in Azerbaijan; Forecasting Accuracy Problem The Azerbaijani State Statistics Committee has surprisingly adjusted its forecasted inflation rate for 2012 6,0 % to 4,0 % as the committee reported. According to the State Committee, “The macro-economic indices reflecting socio-economic development of the country increased in the first quarter of 2012,” he said. “The amount of pensions and population income increased whilst... 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