World Bank ups forecast for Azerbaijan’s economy

Azerbaijan’s economy is expected to grow by 2% rather than the 1.5% it previously forecast, the World Bank said this week. “We have revised our forecast upward because Azerbaijan’s economy showed unexpected growth  in the first half of 2015,” a  representative said. 
According to the State Statistics Committee, GDP  grew by 5.7%  (AZM  26.3bn) in the first half of 2015 compared to the same period in the previous year, with the non-oil economy up  by 9.2% and the oil and gas sectors by 1.3%. 

Source: TREND