EBRD Expects 7.1% Rise of Real GDP in Azerbaijan in 2010
OREANDA-NEWS. October 19, 2009. In 2010 Azerbaijan is going to remain in ranks of leaders on economic growth rate in the region of EBRD operations in accordance with forecast of the latter.
The EBRD reports that real GDP growth in the country will be 5% in 2009 and 7.1% in 2010.
“The rise following the 4th quarter of 2009 against the 4th quarter of 2009 will make up 6.5% and in 2010 – 5.6%,” it was informed.
At the same time while in May the EBRD expected 2% GDP rise in 2009 and 1.1% in 2010, in October the forecast estimate was increased up to 3% and 6% respectively,” it was informed.
In 2010, according to the EBRD, only Uzbekistan will be able to approach to real GDP growth rate of Azerbaijan, while only Turkmenistan (13%) will surpass it.
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