Fitch forecasts increase in economic growth rate in Azerbaijan

Wed 14 February 2018 15:16 GMT | 19:16 Local Time

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BMI Research, which is part of Fitch Group, has announced its forecast on economic growth in Azerbaijan for next two years.

According to ‘Country Risk Report’, the economic growth will be 1.2% in 2018, 3.3% in 2019.

‘The nominal GDP will be $43.4 billion in 2018, $47.3 billion in 2019. Moreover, consumer price inflation is expected to be 9% in 2018, 4.8% in 2019’, the report said. 

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