Azerbaijan expects extra GDP growth due to increased oil price forecast
Baku, Fineko/abc.az. The Ministry of Economic Development of Azerbaijan forecasts additional GDP growth of the country due to increase in the oil price forecast in State Budget 2012 from $80 up to $100 per barrel.
Economic Development Minister Shahin Mustafayev informs that detailed calculations are now underway, according to preliminary data, it will bring to additional GDP growth by 1%.
"The increase in oil price forecast in the State Budget will contribute to the influx of additional funds in the country that will also have impact on the development of non-oil sector, business, construction sector," the minister said.
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