IMF forecasts 3.5 % inflation rate for Azerbaijan in 2014

The International Monetary Fund (IMF) forecasts Azerbaijan's inflation to be at the level of 3.5 percent in 2014 and 4 percent in 2015, according to a report on the prospects for development of world economy, World Economic Outlook published on IMF's website on April 9.

By comparison, consumer prices in Azerbaijan increased by 2.4 percent in 2013.

The inflation in Azerbaijan is expected to be at the level of 4.25 percent in 2016, and 4.95 percent in 2017, 2018 and 2019, according to IMF estimates.

The current account surplus of the balance of payments' transactions will decrease from 14.49 billion manat in 2013 (GDP ratio - 19.7 percent) and will amount to $11.914 (15 percent) in the country, according to IMF forecasts. The current account surplus of the balance of payments will decrease to $8.7 billion (9.93 percent) in 2015, $5.32 billion (5.53 percent) in 2016, $ 5.71 billion (5.5 percent) in 2017, $5.58 billion (4.98 percent) in 2018, $5.66 billion (4.63 percent) in 2019, according to IMF forecasts.


/Trend/