Fitch will review Azerbaijan's credit rating in July

Baku. 1 March. REPORT.AZ/ International rating agency Fitch will once again look at Azerbaijan's credit rating on July 27.

Report informs, Fitch Ratings Director for European Countries Amelie Roux said at a conference in Baku.

She also clarified predictions on the economy and price growth: “This year Azerbaijan's gross domestic product (GDP) will grow by 1.8% and 3.8% next year. In 2017 this figure was 0.1%.We expect 9% inflation in 2018 and 7% in 2019. In 2017 this figure was 12.9%.

This year, Azerbaijan's foreign debt to GDP will reach 25.1% and next year will drop to 24.5%. In 2017 this ratio was 24.6%. In 2018-2019, the current account balance in GDP will be 3 and 5.2%, respectively. Last year this figure was 3.1%”.