IMF forecasts two year inflation rate to be 19-22% for Azerbaijan

IMF Global Financial Stability Report said Azerbaijan will outperform other CIS countries for GDP growth in these years.

According to IMF outlook, inflation rate will be 22% in 2008 and 19% in 2009 in the country.

The average inflation rate for CIS countries is predicted at 7% for 2008 and 6.5% for 2009.

Azerbaijan posted inflation rate at 16.7% in 2007.

The Government predicts GDP growth rate at 16.1% and inflation rate at 12-13% for 2008.

/APA/