WB improves forecasts for economic growth in Azerbaijan

24.01.2014 [16:45]
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Baku, January 24 (AZERTAC). The World Bank has revised its forecast for GDP growth in Azerbaijan in 2014, the WB said in its report entitled Global Economic Prospects released on January 15.

According to the report, the Bank believes that in 2014 the country's GDP will grow by 5.3 per cent. The GDP growth forecast for 2015 remained unchanged and is set at 4.5 percent. In 2016, the World Bank expects 3.9 percent growth in gross production of the country.

The bank forecasts that in 2014 the ratio of current account surplus to GDP is expected to reach 15.9 percent, in 2015 - 14.3 per cent, and in 2016 - 12.5 percent. In 2013, the figure was 17.7 percent.

WB improves forecasts for economic growth in Azerbaijan

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