ADB improves forecast for Central Asia thanks to Azerbaijan's economic indicators

2018-12-12 04:20:11

(MENAFN- Trend News Agency) Baku, Azerbaijan, Dec. 12

By Sara Israfilbayova – Trend:

The Asian Development Bank (ADB) has improved the GDP forecast of Central Asia region for 2019 from 4.2 to 4.3 percent due to an increase in public investment and production at the Shah Deniz gas condensate field in Azerbaijan (the bank includes Azerbaijan in the Central Asia region), Trend reports citing the Asian Development Outlook Supplement.

At the same time, the bank lowered inflation growth forecast for 2018 in the Central Asia region from 8.4 to 8 percent due to the improvement in inflation forecast in Azerbaijan.

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