EBRD updates economic forecast for Azerbaijan

This year, Azerbaijan's real gross domestic product (GDP) will decrease by 3%, Report informs, citing the European Bank for Reconstruction and Development (EBRD).

According to the record, Azerbaijan will achieve economic development in 2021: "Real GDP growth of 2.5% is expected in 2021."

The record of the same name, published in November 2019, noted that this year in Azerbaijan, there would be a 2.4% increase. The May record said a decline of 3% was forecasted for 2020 and a 3% rise for next year.