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Forecast: Economic growth to continue in Azerbaijan

15 February 2013 11:36 (UTC +04:00)

According to the report, WB’s last economic summary forecasts that economic growth will continue in Azerbaijan in 2013 and make 4.2%. In total, WB, IMF, EBRD and UN’s forecasts show that in 2013 the economic growth in Azerbaijan will make 3.5% on average.

The report says that Real Sector Monitoring conducted by the CBA also shows that expectations on economic activity are optimistic. Thus, as per the results of the monitoring, demand for service and index of expectation on trade are inclined to growth from the beginning of the year. Positive expectations have also been observed in food, production of construction materials and sub-sections of textile of industry, as well as furniture, electric household appliances segments of trade.

In general, results of the Real Sector Monitoring conducted by the CBA indicates that the number of enterprises, which see rise in production, have increased in the recent months and this growth seems to be continuous.