Economic growth in Azerbaijan is set to recover cyclically to 3.2% due to a slower decline in oil output and positive spillovers from the reconstruction of Karabakh, Report informs, citing Fitch Ratings.
"We expect growth to slow to 2.7% in 2025 and 2.3% in 2026, still supported by public investment. Meanwhile, the drag of the oil sector will ease relative to previous years, due to new oil production that could slow the pace of the decline and higher natural gas production," the agency said.