Forecast of GDP by 2011 Developed (VIDEO)
Azerbaijan, Baku / corr Trend U.Ismayilova / The Azerbaijani Ministry of Economic Development developed a forecast on the change of Gross Domestic Products (GDP) by 2011, Heydar Babayev, the Azerbaijani Minister of Economic Development said.
Currently the forecast on GDP is approximately 30%. "In accordance with forecasts, the GDP dynamic will decrease and this is normal. The rise in correlation compared to previous years may comprise 35%-40%," the minister added. According to Babayev, the dynamic of growth remains the same compared to the previous 7 months. Growth of the GDP made up 34%.
Speaking about inflation forecasts in 2008, the Minister said that the public budget expenses could impact on the inflation forecast. In 2008 the inflation forecast in all three variants will be different. It is necessary to define the increase of budget expenses to make it precise, the minister said.