World Bank updates its forecasts on Azerbaijani economy

Kanan Sadigov
Post's author

The production of gross domestic product (GDP) in Azerbaijan is expected to increase by 1.5% this year, and by 2.4% in 2024, according to the World Bank’s Regional Economic Outlook, Report informs.

According to the document, this is, respectively, 0.7 percentage points and 0.1 percentage points lower than the forecasts published in spring 2023.

The World Bank predicts that Azerbaijan's economy will grow by 2.5% in 2025.

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