IMF Expectations on Growth Rates of GDP in Azerbaijan in 2007 Exceeded Government’s Expectations
Azerbaijan, Baku / Trend , corr. I. Khalilova/ The growth of GDP in Azerbaijan in 2007 is expected to reach 29.2 % against 31% an increase of that same period in 2006, the IMF report "World Economic Review 2007" stated.
The Azerbaijani Government also expectes to exceed in the expectations and forecasts of the economic development of the country, which was laid down in the State Budget at a level of 28%. That will be reflected at correcting the forecasts of social and economic development in the country , and according to preluminary data, the forecasts will be determined at a level of 30 %.
According to the IMF expectations, the growth of GDP in Azerbaijan in 2008 will make up 23.1 %. As it was noted in the reports prepared by IMF, the balance of payment in Azerbaijan's GDP in 2007 will reach 27.4 % against 15.7 % registered for the same period last year. In 2008, this is expected to be 36.2 %.