IMF says Azerbaijan to reach 5.7-percent economic growth

The International Monetary Fund has forecast Azerbaijan`s economy will see a 5.7% growth in 2012. The IMF said the forecast is based on the fact the country`s 2012 budget is based on an average oil price of $80 per barrel, while an average price for a barrel of oil on world markets is expected to exceed $100.

According to the Azerbaijan Central Bank`s forecasts, the country`s Gross Domestic Product will see nearly a 25% surplus in the Balance of payments this year.


/AzerTAc/