ADB updated the economic growth forecast for the region Azerbaijan is located

ADB

© APA | ADB

# 28 March 2023 11:57 (UTC +04:00)

Asia Development Bank (ADB) has updated the economic growth forecast for 2023 for the Caucasus and Central Asia (CCA) region where Azerbaijan is located, APA-Economics reports citing ADB.

The bank determined the real gross domestic product growth for 2023 at 4.2%. Last year this figure was 4.8%.

"A challenging global outlook is expected to slow expansion in every subregion but the Caucasus and Central Asia," was mentioned on the comment of ADB.

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