WB says average annual inflation will decline to 5% in Azerbaijan

WB says average annual inflation will decline to 5% in Azerbaijan
  • Clock-gray 09:39
  • calendar-gray 21 April 2017

Average annual inflation in 2016 made up 12.6%.

 

“Azerbaijan’s economy is likely to experience another year of negative growth in 2017 despite the anticipated recovery of oil prices, as oil production is not expected to increase and the non-oil sector continues to be affected by the government’s spending cuts and the banking sector distress. Non-oil sector growth will remain weak, as the government is set to keep a tight stance on both fiscal and monetary policies to safeguard macroeconomic stability. Along with this, fiscal position will improve in 2017–2019”, the report said.  

 

Other news