In 2014, developed countries to pull the global economy
Baku/22.01.14/Turan : Before the Davos Economic Forum ( DEF ), the International Monetary Fund published World Economic Outlook in 2014 , tells versii.com.
IMF slightly improved outlook for global economic growth to 3.7 % in 2014 due to the improved economic situation in developed countries.
This is stated in the World Economic Outlook , published on the website of the Foundation , said versii.com.
Earlier, in October 2013 , the IMF predicted global economic growth at 3.6 %.
" As expected , economic activity will grow in 2014 and 2015 - mainly due to the recovery of the developed economies - and led to an increase of 3.7 % in 2014 followed by an increase in that figure to 3.9 % in 2015," the review says.
This estimate coincides with the previously published review of the World Bank also expects world economic growth is mainly due to the recovery in developed economies .
In this case, the IMF noted that global GDP growth forecast for 2015 has not changed and remained at the level set in October 2013 . Moreover, the Fund stressed that , despite the projected growth , recession risks remain quite likely.
The analysts of the IMF noted that some countries can take measures of monetary support, and others can provide development close to potential, and therefore further growth is possible only if structural reforms are done. The IMF forecasts economic growth in developing countries will be in 2014 as a whole of 5.1 % - mainly due to the economic growth of China and India . At the same time, the countries of Central and Eastern Europe, growth will be lower - 2.8 %, and in the CIS countries - 2.6%.
It is also noted that the growth of the U.S. economy, will be 2.8 % , the growth of the eurozone economy - 1% and then increase to 1.4 % in 2015 , Japan - 1.7% in 2014 and 2015 .
Earlier, the World Bank also came out with a forecast of the world economy and for the first 5 years, assess the possibility of growth at 3.2 % in 2014 followed by stabilization of the index at the level of 3.4-3.5 % mainly due to the recovery of developed countries.
As emphasized by the World Bank , developed countries, issues of fiscal consolidation or political instability will no longer have the critical value . Moreover, the overall growth of the developed countries is largely due to the growth of the U.S. economy , which is expected to grow by 2.8 % in 2014 , whereas in 2013, U.S. economic growth was 1.8 %. The Eurozone growth will be 1.1 % in 2014 and reach 1.5 % by 2016. -0 -
Economics
-
Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
-
Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
-
The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
-
According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
Leave a review