ADB forecasts 2.8% increase for Azerbaijan's GDP in 2016

Baku, October 5, AZERTAC

“Azerbaijan's GDP is expected to grow by 3% in 2015, and 2.8% in 2016,” the Asian Development Bank said in the Asian Development Outlook. The report notes that forecasts for positive surplus of Azerbaijan's balance of payments will be nearly 6% of GDP. This indicator will be 8 % for 2016.

In majority of the European and Asian countries the economic development index for the last quarter of the running year and the beginning of the next year will drop for nearly two times, Asian Development Outlook says.

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