According to the updated forecast of the International Monetary Fund (IMF), the Azerbaijani economy will grow by 2.8% this year, APA-Economics reports citing the April release of the fund's World Economic Outlook report.
A 2.6% annual increase is expected in 2023.
Notably, the IMF's October forecast promised growth of 2.3% for 2022.
As for other forecasts, according to the Ministry of Economy of Azerbaijan, real GDP growth in the country this year will be 3.9%, while according to the Asian Development Bank, GDP will increase by 3.7%. By the latest forecast of the World Bank, real growth will be 2.7%.
Notably, in 2021, the Azerbaijani economy grew by 5.6%.
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