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Azerbaijan will see economic growth at 12% and inflation at 9%

18 December 2008 15:08 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. The International Monetary Fund (IMF) predicts a 12% economic growth in Azerbaijan next year, said said Valeria Fichera, head of an IMF mission visiting Baku.
According to her, despite the world financial crisis, Azerbaijanâ€™s non-oil sector growth rate will be about 6% in 2009.
â€œOf course, this rate is less than this year. However, given the fact that the growth rate is likely to be zero in other countries, Azerbaijanâ€™s figure is quite satisfactory,â€ she added.
She also noted that the inflation rate will significantly go down in Azerbaijan in 2009.
Thus, according to IMF projections, inflation in the country could fall to 9% in 2009.