Baku. Musa Ahmadov – APA-Economics. Economic growth in Azerbaijan is expected to continue in the near future, APA-Economics reports quoting Central Bank’s Monetary Policy Outlook for nine months of 2015.
The outlook says according to the recent forecasts of the government, the economic growth in the country in 2015 will make 3.3%, in non-oil sector – 5.9%. According to IMF forecasts, the growth in non-oil sector will make 7.1%.
According to official forecasts, share of non-oil sector in GDP will increase 7.8% to 68.8%. The economic growth will be supported with investment and consumption expenditures. As at the end of 2015, investment in fixed capital will make 9.2% of real growth rate. Along with the domestic investments, foreign investments also will have positive impact on economic growth. Big oil and gas projects, as well as international credit rating of our country allow increase of foreign investments. Foreign investments are expected to increase 49% as at the end of the year. The consumer spending also will increase 1.4%. Personal incomes are expected to raise 1.9%.
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