EBRD announces its forecasts for economic growth in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) predicts a 2.5% growth in Azerbaijan's real gross domestic product (GDP) in 2023, and 2.7% in 2024, reads the EBRD Regional Economic Prospects, Report informs.

The EBRD said that the economy of Eastern Europe and the Caucasus region, which includes Azerbaijan, will grow by 1.6% this year and 3.2% next year.