The Asian Development Bank (ADB) forecasts high growth rates in the
economic development of Azerbaijan over the next two years, as well as
low inflation. According to the report on Azerbaijani economic
development, economic growth will be 9.5% this year and 9.7% next
year.
It is worth noting that the Azerbaijani government forecasts a 6.8%
GDP increase this year, and the World Bank only 2.7%.
ADB also predicts a 5.8% increase in prices of consumer goods. The
increase in oil exports and budget income will promote the economic
development of Azerbaijan the ABD report stated, informs Turan.
