Baku 23° C
IMF forecasts 3.3% inflation in Azerbaijan this year
Finance
- 27 April, 2020
- 06:03
Add Report.az to preferred Google sources
Stay up to date with the top news!
The International Monetary Fund (IMF) expects a 2.2% economic slowdown in Azerbaijan this year, Report informs, citing IMF Regional Economic Outlook: Middle East and Central Asia for April 2020.
The IMF forecasts 0.7% of economic growth in 2021.
Moreover, according to the IMF, the consumer prices index will be 3.3% in 2020, 3.2% in 2021.
The IMF thinks that the ratio of fiscal balance to GDP will drop by 12.8% in 2020, 9.7% in 2021. The ratio of the current account balance to the GDP is expected to fall by 8.2% and 3.7%, respectively.
Author
Latest News
13:31
Schools in Germany's Oschersleben cancel classes over shooting threat
Other countries
13:28
Photo
Azerbaijan, OIV discuss cooperation in viticulture and winemaking
AIC
13:25
Warm weather to continue in Azerbaijan, with temperatures hitting 29°C
Ecology
13:06
NATO chief discusses Black Sea drone attacks with Bulgarian PM
Other countries
13:01
Laos expects Baku agreements to bolster bilateral ties, investments
Foreign policy
12:50
MP Tahir Mirkishili proposes establishment of Institute of Azerbaijanism
Domestic policy
12:47
Mauritius temporarily closes schools after night of unrest over police shooting
Other countries
12:39
Milli Majlis ratifies 2 agreements, 1 treaty between Azerbaijan, Kyrgyzstan
Milli Majlis
12:35
Pakistani ambassador meets with ASAN Service chairman
Foreign policy