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CORRECTED-Azerbaijan GDP growth forecast for 2017 is 1 pct - finance ministry
September 29, 2016 / 12:16 PM / a year ago

CORRECTED-Azerbaijan GDP growth forecast for 2017 is 1 pct - finance ministry

(Corrects year of forecast in headline and first paragraph to 2017 from 2016)

BAKU, Sept 29 (Reuters) - Azerbaijan’s Finance Ministry on Thursday forecast gross domestic product growth of 1 percent for next year, according to a statement on the ministry’s website.

The International Monetary Fund predicts Azeri GDP will fall 2.4 percent this year while the European Bank for Reconstruction and Development sees a 3 percent contraction. (Full Story)

The ministry also said it assumed an average oil price of $40 per barrel in the 2017 budget. (Reporting by Nailia Bagirova; Writing by Lidia Kelly in Moscow; Editing by Maria Kiselyova)

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