Baku, Azerbaijan, Sept. 14
By Eldar Janashvili – Trend:
By the end of this year, the inflation rate in Azerbaijan is expected at around 3.7 percent, Trend reports referring to the Azerbaijani Ministry of Finance.
The growth trend is expected to continue in 2020, when inflation will increase to 4.6 percent, and then it will begin to decline to 3.9 percent in 2023, according to the forecast.
In 2020, a current account surplus of $1.7 billion is expected. A significant surplus increase is also planned in the next three years; so, in 2023, a surplus of $2.86 billion is expected.
In the medium term, a steady increase in the surplus in foreign trade is expected, which amounted to $2.9 billion in the first six months of this year.
Crude oil prices are expected to reach $55 per barrel. The exchange rate of the Azerbaijani manat against the US dollar is forecasted at a stable level of 1.7.
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