World Bank: Slowdown of pandemic in Azerbaijan will support economic recovery

World Bank: Slowdown of pandemic in Azerbaijan will support economic recovery
# 16 May 2021 13:20 (UTC +04:00)

COVID-19 outbreak moderated in early May allowing for easing of restrictions, which is expected to support the recovery, World Bank economists say, APA-Economics reports. 

According to the calculations of the Bank, after 12 months of contraction, the economy registered a positive year on year (yoy) growth in March, bolstered by the rebound in non-oil/gassectors. 

In addition, the Bank said that Inflation was stable in March amid a slower increase in food prices.

 

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