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IMF: Oil and commodity are expected to go down next year

Thursday, 03 November 2011 | 22:00

Oil and commodity are expected to go down 5-6% in the world markets, next year, said the head of Fund's mission on Azerbaijan Nadeem Ilahi at the presentation of IMF's renewed World Economic Outlook in Baku.


According to him, the GDP growth rate over the world is forecasted to be 4%, min 2012.
It was also noted in the outlook that, the GDP in Azerbaijan is forecasted to be 0.2% in 2011, 7.1% - in 2012.
Generally, these indexes are expected to be 5.6% and 6.4% in the oil exporter countries in South Caucasus and Central Asia region.
About inflation in Azerbaijan, outlook says it will be 9.3% in 2011, 10.3% in 2012. These indexes will make 9.6% and 9.2% in oil exporter countries of the South Caucasus and Central Asia region.
Source: APA

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