EBRD: Main risks of Azerbaijan’s economy are related with oil dependency factor

EBRD: Main risks of Azerbaijan’s economy are related with oil dependency factor
# 21 January 2013 13:31 (UTC +04:00)

Note that EBRD’s forecast on Azerbaijan’s economic growth for 2013 was 3%.

According to bank’s report, although Azerbaijan’s economy undergo global economic crisis, economic growth rate weakened. This was caused by oil reduction. EBRD says that low economic diversification is assessed as main risks for economy along with high oil dependency factor.

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