WB keeps Azerbaijan's GDP growth at previous level for 2011

Azerbaijan's GDP growth in 2011 is expected to reach 3.5%5, according to the World Bank's recent "Global Economic Prospects-2011" report. The bank gave similar forecasts for Azerbaijan's economic growth.

The forecast for 2012 is 3.9%. The current account operation is expected at 24.4% of the GDP in 2011 and 24% in 2012.

The report noted that Azerbaijan, Russia and Uzbekistan are classified as countries that have managed to increase their surplus from 2009 to 2010.

Global GDP, which rose to 3.9% in 2010, is expected to drop to 3.3% in 2011. Most developing countries experienced a financial crisis in late 2010, while many of those with market economies recovered or began to rebuild their growth capacity.

The overall growth forecast for emerging-market economies in 2011 is 6% and 6.1% in 2012. The growth forecast for developing countries, excluding China and India, is 4.3% in 2011 and 4.5% in 2012.


/Trend/