Moody's announces its forecast on Azerbaijan's financial balance

Moody's announces its forecast on Azerbaijan's financial balance
  • Clock-gray 10:35
  • calendar-gray 23 June 2020

If the average price of a barrel of oil is USD 35 during the year, the financial balance of Azerbaijan's balance of payment will drop by 3.6% of GDP, APA-Economics reports citing search of the Moody's Investors Service Company. 

It has been noted that if average price of oil is USD 45 in 2021, financial balance of the country is expected to drop by 3.1% of the GDP.

Mirsaid İbrahimzade

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