Azerbaijan Economic Forecast
March 5, 2019The economy picked up last year on improving non-oil activities, although protracted weakness in the oil sector—which has seen production shrink over the years—kept the overall pace of expansion sluggish. Growth was supported by an upturn in the services sector and robust agricultural output. Meanwhile, on the demand side, higher wages coupled with declining inflation likely shored up private consumption. Prospects appear more upbeat going into 2019: Growth picked up in January, with a boost in oil output and solid performances by the non-oil sectors.
Azerbaijan Economic GrowthGrowth is expected to strengthen this year on robust domestic demand dynamics, a gradual recovery in investment, and improving investor confidence. That said, downside risks to the outlook stem from lower-than-expected commodity prices and a more challenging trade environment. Met the why particular panelists see GDP expanding 1.9% in 2019, which is unchanged from last month’s forecast, and 2.0% in 2020.
Azerbaijan Economy Data
5 years of Azerbaijan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.70||-0.66 %||Mar 20|
|Stock Market||0.1||0.0 %||Mar 20|
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