Another Year Of Lacklustre Growth Possible

Falling oil prices and a weakened global economic growth outlook in 2012 place downside risks to our expectation for a recovery in real GDP growth in Azerbaijan to 3.5% this year. While returning oil and gas capacity should provide some boost to economic growth, a continued slump in oil prices would prompt us to revisit our growth assumptions for the Caspian oil-driven economy in the near future.

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