Fitch International: "Azerbaijan seen likely to face economic slump"

The report predicts that 33 countries of the world will face a financial crisis. The USA and Luxembourg are said to be the most stable countries, while Iceland, Ireland, South Africa, Norway, Russia and Azerbaijan are described as countries with the highest risk.
The agency experts are using two indicators to make an assessment of the general situation in a banking system. These are MPI and BSI.

The MPI indicator reflects macroeconomic indicators, which consist of the real exchange rate of the national currency, the prices of shares and real estate and other parameters. The Fitch report put Azerbaijan to the last place of all post-Soviet republics for the MPI indicator.

The BSI indicator assesses the crediting system and the banking sector in general. For this indicator too Azerbaijan is the worst among post-Soviet countries.

As Assa-Irada informs, according to analysts, countries performing poorly on both of the indicators are likely to face an economic crisis. Russia and Azerbaijan are the most probable post-Soviet states to face an economic recession, experts say.

/AzerNEWS/