UN: Azerbaijan’s economic growth projected to turn positive

UN: Azerbaijan’s economic growth projected to turn positive
  • Clock-gray 15:23
  • calendar-gray 01 May 2017

“Inflation is set to decline but the projected rates of 7.9 per cent in 2017 and 5.8 per cent in 2018 remain higher than the past trend. The economic rebound would be supported by a pickup in global oil prices. However, fiscal tightening, in which spending under the budget for 2017 is about 13 per cent lower than under the 2016 budget, would weigh down non-oil economic activity. In general, low levels of market development and limited macroeconomic policy flexibility continue to undermine the economy's resilience to shocks”, the report said.  

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