EBRD forecasts growth in Azerbaijan’s GDP

EBRD forecasts growth in Azerbaijan’s GDP
  • Clock-gray 09:40
  • calendar-gray 10 May 2018

European Bank for Reconstruction and Development (EBRD) forecasts 2.5%-growth in Azerbaijan’s GDP in 2018, says the Bank's Regional Economic Prospects report.

 

‘This is 0.5% higher than previous forecast’, the report said.  

 

According to EBRD, the GDP in Azerbaijan will grew 3.5% in 2019, 0.5% in 2020.

 

‘Stabilization of oil production is expected to lead to economic growth in Azerbaijan’, the bank reported.  

 

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