IMF predicts 3.5 per cent rise of GDP in Azerbaijan in 2013

The International Monetary Fund (IMF) forecasts real GDP growth at 3.5 per cent in Azerbaijan as of 2013, the IMF's October forecast from the Word Economic Outlook reported.

According to the report, GDP growth rate will increase to 5.6 per cent in 2014.

'The Azerbaijani and Turkmen governments must abandon their fiscal stimulus to keep inflation at a current level and continue strengthening the efficiency of public spending', the document says.

According to the forecast, the unemployment rate in Azerbaijan in 2013 and 2014 will remain at six per cent.

According to the IMF expectations, the GDP growth rate among the CIS countries as a whole will be reduced from 3.5 per cent in 2012 to around two per cent as of late 2013. In 2014, the region's GDP growth is projected at 3.5 per cent.


/Trend/