WB’s negative forecast of Azerbaijan’s economy development

World Bank (WB) forecasts decline of Azerbaijan’ GDP in 2016 by 1.9%.

In its report for year 2016 in January WB forecasted growth of Azerbaijan’s GDP by 0.8%.

In 2016 the Azerbaijani government forecasts economic growth at 1.8%.

In 2016 WB forecasts average annual inflation at 14%. In 2016 WB forecasts Azerbaijan’s budget deficit at 14.4%.

Negative forecasts in the Azerbaijani economy are connected with decline of oil revenues of the country.—0-

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