Baku. Musa Ahmadov - APA-Economics. Asia Development Bank has changed its 2015-outlook on Azerbaijan, said the ADB chief-economist Nail Valiyev.
According to him, the economic growth is forecasted to be at 3% at late 2014, while it was forecasted to make 5% a while ago.
At the same time, according to ADB former forecast, the GDP growth was 4.8% next year, now it forecasts the growth will make 3.5%.
“at the beginning of this year, we forecasted rise in oil sector. However, we saw that oil sector decline in the mid of the year. Bank reduces its forecast due to decline of oil price in the world market and oil sector”, Valiyev said.
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