World Bank: Azerbaijan is anticipated to remain in recession

Cavid Əzimov
Author

Baku. 5 June. REPORT.AZ/ Azerbaijan's economy is expected to remain in recession Report informs referring to World Bank’s “Global Economic Prospects: Europe and Central Asia” report. The reasons are weaknesses in the banking system as well as tight monetary and fiscal policies continue to weigh on growth.

As a result, according to the World Bank, GDP expected to decline by 1.4% this year and grow by 0.6% in 2018.

Strengthening activity indicators suggest Russia continues to expand in the first half of 2017, and modest monetary easing is anticipated to support growth in the near term.

Among other commodity exporters, Kazakhstan’s rebound accelerated, helped by fiscal stimulus, and Azerbaijan showed some signs of improvement. 

Other News

CBA chairman links pace of economic diversification to 2027–2030 reforms 16 October, 2026 / 18:41
Taleh Kazimov: Rising oil and gas prices increase Azerbaijan's current account surplus 16 October, 2026 / 18:34
Azerbaijan's central bank forecasts inflation at 6.1% in 2026 and 5.8% in 2027 16 October, 2026 / 18:24
Baku expected to host Global Conference on State-Owned Enterprises in 2027 16 October, 2026 / 17:54
CBA, Swiss National Bank mull macroeconomic stability initiatives 16 October, 2026 / 15:10
Finance Ministry: Changes in oil prices may affect Azerbaijan's State Oil Fund assets by up to $1.8B 16 October, 2026 / 12:13
Azerbaijan Central Bank discusses cooperation with ADCB and UBS Asset Management 16 October, 2026 / 12:01
IsDB, WB to expand co-financing of development projects in member countries 16 October, 2026 / 10:33
Azerbaijan's investment expenditures to nearly double in 2027 16 October, 2026 / 10:12
WB mobilizes around $100M in private capital in Azerbaijan in fiscal year 2026 16 October, 2026 / 10:08
CBA currency exchange rates (16.10.2026) 16 October, 2026 / 09:16
Key indicators of world commodity, stock, and currency markets (16.10.2026) 16 October, 2026 / 09:11
Azerbaijan's economy expected to attract almost $64 billion by 2030 16 October, 2026 / 08:20
Azerbaijan's external debt servicing to exceed AZN 1.4 billion 16 October, 2026 / 08:04
Azerbaijan to spend nearly $8B on reconstruction of liberated territories 16 October, 2026 / 07:50
Azerbaijan revises 2027 budget revenue forecast upward 16 October, 2026 / 07:25
Azerbaijan publishes Medium-Term Expenditure Framework for 2027-2030 15 October, 2026 / 23:49
Global economic developments and their impact on Azerbaijan discussed in Bangkok 15 October, 2026 / 17:16
ING lowers its inflation forecast for Azerbaijan for 2026 15 October, 2026 / 17:10
ING Group: Azerbaijan's economy to grow by average of 2.3% in 2026-2028 15 October, 2026 / 17:03