Bank Of Baku

EBRD changes its forecast on GDP growth in Azerbaijan

EBRD changes its forecast on GDP growth in Azerbaijan
# 18 September 2014 10:02 (UTC +04:00)

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%.

 

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