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Center for Economic and Social Development (CESD)
Forecasting for 2010-2012 years
GDP Growth
|
2010 |
3,0 % |
|
2011 |
2,5 % |
|
2012 |
1,5 |
Oil GDP Growth
|
2010 |
1,3 % |
|
2011 |
1,1 % |
|
2012 |
1,0 % |
Non-oil GDP Growth
|
2010 |
5,0 % |
|
2011 |
4,0% |
|
2012 |
3,0 % |
CESD used different methods to forecast GDP
growth for 2010-2012 while an aggregation method
and a weighting variable are chosen. Reasons how
choices of the data source, the aggregation
method and the weighting variable create the GDP
growth are based on CESD estimation. CESD also
used oil production forecast and non-oil import
and export, the volume of household and public
consumption, capital formation and private and
public investment data, as well as the impact of
changing inflation on output to forecast GDP.
The Center organized focus group discussions
where estimations of macroeconomic data are
included among the subject issues.
CESD is an independent think tank in Azerbaijan
focuses both macro-economic and micro-economics
issues,
www.cesd.az
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