ING Group improves Azerbaijan's economic growth forecast

The Netherlands' largest banking group, ING Group, has set an optimistic economic growth forecast for Azerbaijan, projecting a 3.8% increase in 2024, 2.5% in 2025, and 2.8% in 2026.

According to Report, which cites the company, the forecast for the current year has been raised by 1% compared to ING's previous projections, while the outlooks for the subsequent years remain unchanged.

The country's government has also set ambitious targets, expecting GDP growth of 2.4% in 2024 and 2.9% in 2025.