Azerbaijan`s GDP to shrink by 2.4% this year - IMF

  05 October 2016    Read: 766
Azerbaijan`s GDP to shrink by 2.4% this year - IMF
Azerbaijan`s Gross Domestic Product (GDP) will shrink by 2.4% this year, predicts International Monetary Fund’s latest World Economic Outlook.
IMF forecasts Azerbaijan`s economic growth in 2017 at 1.4 percent.

The IMF now sees average 2016 inflation at 10.2 percent, compared with its previous 12 percent forecast.

Next year, average annual inflation is seen at 8.5 percent, down from 9.5 percent expected earlier, the IMF said.

Azerbaijan’s unemployment rate will make 6 per cent in 2016-2017.

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