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Economic growth prognoses for 2009

By Messenger Staff
Friday, January 30
According to EBRD prognoses GDP growth in Azerbaijan will be 8% in 2009. Armeniaís GDP will grow by 5.5% and Georgiaís 3%. These figures however differ from the projections within those countries themselves. Armenia expects GDP growth of 9.2%, and Azerbaijan of 18.9%, whereas the Georgian budget has been calculated on the basis of a 2.5% growth of GDP. However Bakuís estimation might be revised due to the considerable reduction in oil prices worldwide.