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Azerbaijan to See Sharp Rise in Economic Growth Rate in 2013

Next year, Azerbaijan is expected to see sharp rise in economic growth rate.

According to official forecasts of Azerbaijani government, in 2013, GDP is expected to make AZN 54 bln, economic growth – 8.5%.

Note that, economic growth rate during the first 8 months of 2012 made 1.3%. According to official forecast, this figure will rise up to 2.5% by the year-end. In other words, in 2013, economic growth rate will be 3 times more than this year. Such sharp rise is related to increasing state investments.

Rise of the growth rate will show itself on inflation indicators, too. According to forecasts, in 2013, the inflation is expected to stay at 6.3%, up 5% from the initial forecasts.

Source: APA

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