ADB: Azerbaijani economy to decrease by 0.1%, inflation to be 2.8% this year - FORECAST

ADB: Azerbaijani economy to decrease by 0.1%, inflation to be 2.8% this year - FORECAST
  • Clock-gray 10:01
  • calendar-gray 18 June 2020

Asian Development Bank (ADB) forecasts the decrease rate of Azerbaijan's GDP to be 0.1%, while inflation by 2.8% in 2020 by taking into consideration negative effects of COVID-19 pandemics, APA reports citing ADB's updated report entitled "Asian Development Outlook" (ADO).

It has been noted in the report that Azerbaijani economy will decrease by 1.2% in 2021, inflation will be 3.5%.

Mirsaid İbrahimzade

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