Economic growth is forecasted on Azerbaijan`s trade partners in 2019

16:47 - 21.06.2019


June 21, Fineko/abc.az. According to International Monetary Fund’s (IMF) latest forecasts, economic growth in Azerbaijan's trading partners will be volatile in 2019.

This is stated in Central Bank’s overview on monetary policy for Jan-Mar.

The overview notes that economic growth in Russia will be 1.6%, in the eurozone 1.3%, in China 6.3%, Kazakhstan 3.2%. Turkey and Iran will experience an economic decline of 2.5% and 6% respectively. As a result of the accelerated decline of the Turkish lira, the IMF growth forecast for Turkey for 2019 has decreased much.

Economic growth in Azerbaijan's trading partner countries is projected to average 1% in 2019 (with non-oil export weight). It is expected that this will have a positive impact on trade and investment flows to the economy of Azerbaijan in the non-oil sector.

 

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