Baku – APA-Economics. According to forecast of the European Bank for Reconstruction and Development, the GDP growth in Azerbaijan will make 3% in 2014, APA reports quoting EBRD’s website.
“Reduction of oil production will delay economic growth rate in Azerbaijan”, bank said.
However, the EBRD saved its 3.5%-forecast on GDP growth in Azerbaijan.
In May, the EBRD forecasted GDP growth in Azerbaijan to be at 3.5%.
According to Azerbaijani government’s forecasts, the GDP growth will make 3.4%.