IMF changes forecast on Azerbaijan

  24 October 2016    Read: 1226
IMF changes forecast on Azerbaijan
Gross Domestic Product (GDP) will rise 1% this year, 2.4% in 2017, AzVision.az reports citing to the Caucasus and Central Asia Regional Outlook.
Interestingly enough, the IMF earlier forecasted the real GDP would decline 2.4%t his year, rise 1.4% next year.

According to outlook, the average annual inflation in Azerbaijan will be 10.8% this year, 8.7% next year, while previous forecasts were relevantly 10.2% and 8.5%.

Current account balance is forecasted to decline 3.5% this year, 2% in 2017.

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