Growth forecasts for Caucasus and Central Asia states revised up
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
forecasts
Stanislav Pritchin: Baku and Yerevan may sign a peace treaty within a year
The 2nd International Conference of the Western Azerbaijan Community "The Right to Return: Advancing Justice for Azerbaijanis Expelled from Armenia" took place in Baku the day before. Vestnik Kavkaza correspondent Marina Lagutina spoke with Stanislav Pritchin, Head of the Central Asia Sector at IMEMO RAS, about the prospects for peace in the South Caucasus.
Russia's Central Bank analysts raise forecasts for key rate
Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …
Türkiye to reach 230 million people passenger flow by end of year
By the end of 2024, Türkiye wants to reach a passenger flow of 230 million people. From January to July, the country has already been visited by almost 130 million people.
World Bank projects Georgia's economy to grow
The Georgian economy has been projected to grow 5.2% in 2024 in the June edition of the World Bank’s Global Economic …
Georgian economy shows stable growth
Georgia's GDP grew 11.8% year-on-year in April 2024, the Georgian National Statistics Service reported. The average growth rate for the first four months of 2024 was determined at 9%. Manufacturing, construction, …
U.S. Congress: national debt to grow to 166%
The U.S. Congressional Budget Office has kept its forecast for the country’s national debt to rise to a record 166% of GDP by the end of 2054. The U.S. national debt will increase from 99% of GDP in 2024 to 166% of GDP in 2054. …
IEA: global oil production drops
Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …
Forecast for Azerbaijan’s 2024 economic growth raised
The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Azerbaijan’s economic growth to 3.1% in 2024 (from the 2.4% it …
Seismologist: 7.0 magnitude earthquake threatens Istanbul
A catastrophic earthquake will occur near Istanbul in a few years, the scientist believes. According to his estimates, the magnitude of the phenomenon will exceed 7 points, which will lead to tens of thousands of victims.
IMF revises upward outlook for Russian GDP
The International Monetary Fund has revised upward its estimates of economic development of Russia and forecasts Russia’s GDP to grow by 2.6% in …
Stratfor: Armenia is ready to adopt a peace treaty with Azerbaijan
Experts from the authoritative US analytical center Stratfor predict significant progress in peace negotiations between Azerbaijan and Armenia in the coming year, as well as strengthening Russia's influence in the South Caucasus.
Major earthquake threatens Türkiye this winter
A major earthquake may hit Türkiye in the coming months, a local geophysicist warns
UN expects global tourism to recover in 2024
Global tourism could return to pre-pandemic levels next year. The UN said that in 2023, tourism revenue would be about 93% of 2019 levels.
World bank: oil price could hit $150
The World Bank reported that oil prices could be pushed into “uncharted waters” if the conflict between Israel and Hamas widens, which could result in increased food prices worldwide. The World Bank’s …
Second wave of May frosts to engulf Moscow
Frosts are expected in Moscow this weekend and the next week
IMF: oil price to fall by 16% to $81 a barrel in 2023
The International Monetary Fund (IMF) forecasts price of a barrel of oil will go down this year by 16.2%, to $81.13, according to the IMF’s World Economic Outlook update. "In 2023, oil prices are projected to fall by about …
World Bank slashes global growth forecast for 2023
The World Bank on Tuesday trimmed its global growth forecast for 2023 from 3% to 1.7%. The decrease is due to monetary policy tightening to tame elevated inflation, reduced investment, and disruptions caused by the Ukraine war, the bank …
Fitch improves Azerbaijan's 2022 GDP growth forecast
The international rating agency Fitch Ratings improved the forecast for Azerbaijan's GDP growth from 3.6% (April forecast) to 4.3% in 2022. In 2023-2024, the country's GDP growth is expected to be at the level of 2.3% per …
UN trade body lowers global GDP forecast
The United Nations Conference on Trade and Development (UNCTAD) lowered its global gross domestic product (GDP) forecast for 2022 from 3.6% to 2.6%. In the agency’s new report, world growth estimates were hit by downside risks to …
