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European Bank of Development and Reconstruction Expect Record Economic Growth in Countries with Transitional Economy in 2007

Business Materials 8 November 2007 19:35 (UTC +04:00)
European Bank of Development and Reconstruction Expect Record Economic Growth in Countries with Transitional Economy in 2007

Azerbaijan, Baku / Trend corr. I.Khalilova / The new record of the economic growth (7%) is expected in the countries with transitional economy in 2007, is stated in the report of the European Bank of Development and Reconstruction (EBDR).

The economic growth is connected with a range of factors, including stable domestic demands, international bank credits and energy.

The total volume of GDP in Azerbaijan reduced from 34.5% in 2006 to 30% in 2007.

EBDR's report is stated about the keep of the economic prospects efficiency in countries, however the countries with transitional economy faced difficulties in rapid growth rates.

The growth rates in the CIS countris will reduce and stand at 6.1% in 2008.

The reduce of the volume of foreign credits may lead to delay in rate of economic growth in countries with transitional economy.

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