Bank Of Baku

WB changes its forecast on Azerbaijan’s GDP

WB changes its forecast on Azerbaijan’s GDP
# 11 June 2014 13:59 (UTC +04:00)

Baku – APA-Economics. The GDP growth in Azerbaijan is expected to make 5.2% in 2014, APA reports quoting World Bank’s Global Economic Prospects 2014.

 

According to WB forecasts the GDP growth will be 4.1% in 2015, 3.6% in 2016.

 

WB’s former forecasts on Azerbaijan’s GDP in 2014 was 5.3%, in 2015 – 4.6% and in 2016 – 3.9%.

 

Reduction of forecast was caused by stagnation in oil production.

 

According to Azerbaijan’s forecasts,  the GDP will be 5.2% in 2014, 5.8% in 2015 and 4.8% in 2016.

 

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