Azerbaijan’s economy to grow 1.2% next year - ADB

Azerbaijan’s economy to grow 1.2% next year - ADB
  • Clock-gray 09:00
  • calendar-gray 06 April 2017

In the last year’s outlook, ADB forecasted 1% growth in Azerbaijan in 2017.

 

Along with this, according to Asian Development Outlook 2017, the economy of Azerbaijan will grow 1.2% in 2018.

 

Bank says the inflation will make up 9% in 2017 (previous forecast – 5.2%) and 8% in 2018.

 

ADB says the surplus of Azerbaijan’s balance of payment will be 5.9% of GDP in 2017, 11.4% in 2018.

 

Azerbaijani government forecasts that the GDP will increase 1%, annual inflation will make up 7.3% in 2017.

 

In 2016 Azerbaijan’s GDP declined 3.8%, inflation stood at 12.4%.

 

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