Azerbaijan to top regional growth in 2010: World Bank
Azerbaijan is expected to post economic growth of
3.3% in 2009, ranking second in Europe and Central Asia for the
increase of the Gross Domestic Product (GDP), and further take the
leading position in the region in 2010, the World Bank
predicts.
The fast-growing South Caucasus republic will be surpassed only by Uzbekistan this year, whose economy will grow 4.5%.
In 2010, the bank forecasts 5.2% growth in Azerbaijan, the top indicator for the region, and a further 9% in 2011.
The Azerbaijani economy grew 10.8% in 2008, according to the WB estimates.
As for economic development worldwide, the bank`s experts predict that global GDP growth will slow down to 2% next year. In 2011, it is forecast at 3.2%. Developing economies are expected to grow by an average of 1.2%, down from 8.1% in 2007 and 5.9% in 2008.
The fast-growing South Caucasus republic will be surpassed only by Uzbekistan this year, whose economy will grow 4.5%.
In 2010, the bank forecasts 5.2% growth in Azerbaijan, the top indicator for the region, and a further 9% in 2011.
The Azerbaijani economy grew 10.8% in 2008, according to the WB estimates.
As for economic development worldwide, the bank`s experts predict that global GDP growth will slow down to 2% next year. In 2011, it is forecast at 3.2%. Developing economies are expected to grow by an average of 1.2%, down from 8.1% in 2007 and 5.9% in 2008.
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