Azerbaijan Economic Forecast
October 4, 2016Azerbaijan’s economy fell 3.1% in the year to August over the same period last year, a slight deterioration over July’s 3.0% decrease. Subdued economic activity largely stemmed from plunging levels of fixed investment, the result of low energy prices. Finance Minister Samir Sharifov said in late September that the 2017 draft budget will include measures to cope with the oil price slump and will prioritize necessary expenses, signaling further cuts to public expenditure—especially regarding infrastructure development.
Azerbaijan Economy Data
5 years of Azerbaijan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.60||-0.63 %||Oct 20|
Azerbaijan Economic Growth
October 4, 2016Azerbaijan’s economy will shrink this year. Our panel expects GDP to contract 2.6% in 2016, which is unchanged from last month’s forecast, and to grow a modest 1.1% in 2017.