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Country Economic Forecasts > Azerbaijan

  • March 2017
  • 8 pages
  • Oxford Economics
Report ID: 1907509

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The 3.8% GDP slide in 2016, far worse than
official projections, reflected a 5.8% drop in non-oil production due to
falling household incomes and lower investor confidence, as well as the drop in
the price and output of oil. Recession is set to end this year, with GDP rising
by just over 1% as oil prices recover. A pick-up to over 2% growth in 2018
reflects ongoing oil price recovery and first export flows from the new Shah
Deniz gas field.


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