World Bank updates Azerbaijan's economic growth forecast until 2025

World Bank updates Azerbaijan
# 06 April 2023 17:17 (UTC +04:00)

The World Bank (WB) announced its forecast for the growth of the real gross domestic product (GDP) of Azerbaijan in 2023, APA-Economics reports citing World Bank.

According to World Bank, economic growth in Azerbaijan this year will make up 2,2%. This is 0,6% less in comparison to the January 2023 forecast of the World Bank.

World Bank also determined that the Azerbaijani economy will increase by 2,1% in 2024, which means 0,1% less in comparison to the previous forecast. According to the reports, in 2025, real GDP growth in Azerbaijan will increase to 2.6%.