IMF increases its outlook on current account balance of Azerbaijan

IMF increases its outlook on current account balance of Azerbaijan
# 21 June 2021 09:58 (UTC +04:00)

International Monetary Fund (IMF) has increased its outlook on the current account balance of Azerbaijan, APA-Economics reports citing IMF.

IMF projects a surplus of the current account balance to be 2.4% of GDP. However, the previous forecast was 1.1% (in April). The forecast for 2022 has been increased from 0.5% to 1.9%. IMF notes that the expected increase in current account balance will be thanks to increasing oil prices. 

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