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Moody’s: Azerbaijan’s economy to grow by 4% this year

Moody’s: Azerbaijan’s economy to grow by 4% this year

03 March 2021 10:47 (UTC +04:00)

Moody's Investors Service forecasts that the Azerbaijani economy will grow about 4% this year, APA-Economics reports citing Moody’s.

This forecast is higher than the expectations of the main international organizations (the UN, World Bank) and international credit agencies (Standard and Poor’s and Fitch Ratings).

Recall that S&P Global rating agency forecasts that the GDP in Azerbaijan will increase by 2,1%, the World Bank by 1,9%, and United Nations by 2% this year. The GDP production has decreased by 4,3% in the country in 2020.

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