ADB cuts Azerbaijan growth projections
BAKU – The Asian Development Bank (ADB) has lowered its forecast for the gross domestic product growth in Azerbaijan.
The Azerbaijani economy is expected to grow 3.8 percent in 2010 and 3.5 percent in 2011, according to the ADB’s Asian Development Outlook 2010 Update.
The bank previously predicted the figures at 9.5 and 9.7 pct respectively.
In the entire Caucasus and Central Asia regions, the ADB expects the GDP to increase 5.1% in 2010 and 5.7% in 2011.
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