The economy in Azerbaijan is expected to grow by 4.5 per cent this year and show slightly more moderate growth in 2014, the EBRD says in its latest Regional Economic Prospects report, published today.
Growth has accelerated in Azerbaijan due to stabilised oil output and sizable fiscal stimulus deployed ahead of the October presidential elections.
The economy is expected to expand by 4.5 per cent by the end of 2013, up from previous forecast of 3.5 per cent.
However, growth in 2014 is set to cool down to 3.5 per cent as macroeconomic policies are normalized following the elections and recovery of oil output is completed.
Read the full Regional Economic Prospects - November 2013 (892KB - PDF)
Download growth in real GDP data (5KB - CSV)