Baku 10° C
IMF: Azerbaijan’s economy will grow by 2.3% this year
Finance
- 06 April, 2021
- 13:24
Azerbaijan’s economy is expected to grow by 2.3% in 2021, 1.7% in 2022, Report informs, citing IMF Global Economic Outlook.
According to Outlook, Azerbaijan’s economy shrank 4.3% last year.
Moreover, the IMF stated that the annual inflation rate in Azerbaijan will be 3.5% in 2021, 3.2% in 2022, while it was 2.8% in 2020.
The Fund also forecasts a 5.8% decline in the unemployment rate this year, 5.7% in 2021. Last year, this figure was 6.5%.
.
Author
Latest News
21:32
President Ilham Aliyev made Novruz holiday post on social media accounts
Domestic policy21:00
Volodymyr Zelenskyy: US, Ukraine, Russia agree on principles for monitoring ceasefire
Other countries20:55
Supreme Leader Khamenei says Iran hasn't targeted Turkiye or Oman
Region20:50
Damage reported in Jerusalem's Old City after Iranian missile barrage
Other countries20:45
Chuck Norris dies aged 86
Show business20:38
Araghchi reiterates Iran will show ‘zero restraint' if infrastructure hit again
Region20:29
Pashinyan: Rejection of peace with Azerbaijan - fatal threat to Armenia's security
Region20:25
NATO says it is 'adjusting' mission in Iraq
Other countries20:15