Bank Of Baku

Ratio of current account to GDP to be declined in Azerbaijan next year

Ratio of current account to GDP to be declined in Azerbaijan next year
# 07 October 2010 12:07 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The IMF has published an updated forecast of global economic development for 2010 (World Economic Outlook - WEO 2010) with revised forecast on surplus ratio of current account of the balance of payments in Azerbaijan to the country’s GDP.

According to the updated WEO 2010, the 2010 current account surplus will be 24.1% of GDP against 23.6% in 2009. In 2011, the surplus is expected to reach 22.2% of GDP.

Fund’s forecast says that GDP growth will be 4.3% in 2010, 1.8% in 2011 and 0.9% in 2015.
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