Central Bank of Azerbaijan announces economic growth forecast for next year

Kanan Sadigov
Author

The Central Bank of Azerbaijan (CBA) predicts the rate of the real economic growth in the country at about 3 - 3.5%, Report informs citing the CBA's statement on the main directions of the monetary policy for 2024.

In addition, economic growth in the non-oil and gas sector is projected to be around 5-5.5%.

"Next year, large-scale restoration and construction work in the territories liberated from occupation will give a positive impetus to economic growth," the statement said.

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