The Moody’s Investors Service international ratings agency has forecast the Azerbaijani economy to grow by 1.8% in 2018, Petr Paklin, the agency analyst, said at the Moody’s Annual Azerbaijan Summit in Baku on May 25.
He noted that Azerbaijan’s GDP growth was highly dependent on the level of oil prices.
If the oil prices remain at the level of above $50 per barrel, Azerbaijan will abandon its savings policy and increase the government investments, Paklin said. (Trend/Business World Magazine)
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