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.

Latest news

Promised air defence systems now in Ukraine's hands, Canadian minister says 22 November, 2024 / 20:58
At least 12 people shot dead in Afghanistan 22 November, 2024 / 20:55
Police carry out controlled explosion near US Embassy in London 22 November, 2024 / 20:51
Azerbaijan’s gas export to reach 12 countries, says Energy Minister 22 November, 2024 / 20:46
Turkish vessel begins oil, gas exploration off Somali coast 22 November, 2024 / 20:40
Czech Republic on track to end Russian oil supplies from July 2025 22 November, 2024 / 20:39
ASCO considers retrofitting ships for methanol fuel transition by 2030 22 November, 2024 / 20:29
4 Italian peacekeepers injured in rocket attack on UNIFIL base in southern Lebanon 22 November, 2024 / 20:11
Baku Stock Exchange meets with J.P. Morgan to explore co-op opportunities 22 November, 2024 / 20:01
Leyla Aliyeva participates in tree-planting campaign in Baku 22 November, 2024 / 19:50
More aid workers killed in 2024 than in any other year, UN says 22 November, 2024 / 19:44
ASCO aligns operations with sustainable dev’t principles in ecological aspects 22 November, 2024 / 19:33
Ilham Aliyev addresses letter to participants of 12th General Assembly of ICAPP 22 November, 2024 / 19:23
Türkiye’s Sabiha Gokcen Airport cancels 10% of its flights 22 November, 2024 / 19:16
Ukraine to receive $4.8B through World Bank’s project 22 November, 2024 / 18:58