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Forecast: This year, share of Azerbaijanâ€™s stock market in GDP will reach 21%

Forecast: This year, share of Azerbaijanâ€™s stock market in GDP will reach 21%

14 September 2011 11:56 (UTC +04:00)

To him, the share of the stock market in GDP in January-July, 2011 has already exceeded 11%: â€œMarket share of securities in the GDP is expected to reach 21% by the end of this yearâ€.

Note that, the volume of the stock market of Azerbaijan in the first half of this year amounted to AZN 3.750 bln, which equals 16.7% of the semi-annual of GDP.

Remind that, the World Bank predicts 2011 growth of Azerbaijan’s economy at 4.2%, in 2012 - 4.1%, the European Bank for Reconstruction and Development - 3% (both years), the International Monetary Fund in 2011 - 2.8%, in 2012 - 2.5%, the Asian development Bank - 5.8%, Black Sea trade and Development Bank in 2011 - 3.5%, in 2012 - 4.1%, and the Government of Azerbaijan 2011 - 3.8%, in 2012 - 5%.

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