Fitch international ratings agency increased the forecast of Azerbaijan’s GDP per capita for 2016 from $3,707 up to $3,813, and from $4,297 up to $4,434 for 2017.
The forecast for 2018 remains unchanged - $4,948, abc.az reports.
The agency has lowered the forecast of falling GDP in 2016 from 3.3% to 3%. The forecast for 2017 (+1.5%) and 2018 (+2.1%) was not changed.
Fitch expects that this year the consumer price index (CPI) will increase by 11.5%, not by 14% as it was expected previously. The CPI forecast for 2017 has been reduced from 7% to 6%. The forecast for 2018 was kept at 3%.
