UN: Economic growth will be 5.5%, inflation – 7% in Azerbaijan this year

Economic growth rate is forecast to be 5.5%, consumer goods prices and service tariffs – 7% in Azerbaijan, this year, UN report on "social and economic review on Asia and Pacific Ocean Region – 2011" informed.

According to report, the development in Azerbaijan’s non-oil sector faced several difficulties. In 2010: "The government is expected to use State Oil Fund for increase of social expenditures, development projects of infrastructure and investments in non-oil sector like agriculture. Azerbaijan’s economy is expected to be 5.5%, inflation – 7%, this year".

The document also says the positive balance of current operations accounts rose from GDP’s 23.6% in 2009 to 26%: "$14.7 bln-positive balance was observed in trade sphere, country’s economy, in 2010, upper than last year".


/APA/