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

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