EBRD updates its forecasts for economic growth in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) predicts a 3.1% growth (0.6 percentage point more than the forecast in September) in Azerbaijan's real gross domestic product (GDP) in 2024 and 2.7% in 2025, Report informs.

The EBRD said in its Regional Economic Prospects that the economy of Eastern Europe and the Caucasus region, which includes Azerbaijan, will grow by 3.5% this year (+0.4 percentage points) and 4.9% next year.