Country Economic Forecasts > Azerbaijan - Oxford Economics Services

Country Economic Forecasts > Azerbaijan

Country Economic Forecasts > Azerbaijan - Oxford Economics Services
Country Economic Forecasts > Azerbaijan
Published Nov 10, 2015
5 pages — Published Nov 10, 2015
Price US$ 185.00  |  Buy this Report Now

About This Report

  
Abstract:

GDP expanded by 3.7% in January-September this year, but after growth of 5.7% in H1 this implies that GDP fell 0.3% in Q3. Despite another weak result expected in Q4, we still forecast GDP growth of 3.3% for 2015 overall, but we have lowered our forecast for 2016 to 2.6%.The pace of growth has slowed sharply since H1. Oil production has been hit by maintenance work; as a result, oil output fell 2.4% in Q1-Q3 and we expect it to fall by 2.5% for the full year, with a similar decline likely in 2016 due to structural decline and ongoing maintenance. And non-oil GDP growth has also slowed, from 9.2% in H1 to 6.4% in Q1-Q3, implying growth of just 0.8% in Q3. H1 growth was supported by infrastructure spending and buoyant trade and tourism on the back of the European Games in June, but these factors are now fading. And fiscal policy has been tightened by cutting public investment projects as the impact of lower oil and gas prices feeds through. Continued tight fiscal policy, low oil and gas revenues and currency depreciation will slow GDP growth further in 2016. At the same time, inflation will remain close to 4% and the current account is moving into deficit.

  
Source:
Document ID
319943
Country
Format:
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Sections

Title
Azerbaijan:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > Azerbaijan" Nov 10, 2015. Alacra Store. Nov 04, 2026. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-gt-Azerbaijan-2111-5512>
  
APA:
Oxford Economics Services. (2015). Country Economic Forecasts > Azerbaijan Nov 10, 2015. New York, NY: Alacra Store. Retrieved Nov 04, 2026 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-gt-Azerbaijan-2111-5512>
  
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