EBRD announced Azerbaijan's economic growth forecast

EBRD announced Azerbaijan
# 16 May 2023 09:39 (UTC +04:00)

The European Bank for Reconstruction and Development (EBRD) again predicted a 2.5% increase in real GDP in Azerbaijan in 2023, APA-Economics reports citing the report of EBRD.

Bank also has not made any change on its 2.7% economic growth forecast for 2024. In other words, EBRD has not made any changes to the February forecast of this year.

EBRD believes that the economic growth forecast is lower than last year, that is, the main risks to economic growth are on account of persistent inflation
and commodity dependence.

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