Central Bank of Azerbaijan announces economic growth forecast for next year

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.