S&P: Azerbaijan to see 4.7% growth on average in GDP in next two years 

Azerbaijan's economy, which lagged last year due to a coronavirus pandemic, will grow 2.4% this year, Report informs, citing S&P Global Ratings.

In 2022-2023, the GDP will grow by 4.7% on average.

Azerbaijani government forecasts 3.4% growth in GDP in 2021, 4.8% in 2022. Reduction in oil output due to the COVID restrictions and OPEC+ agreements, the GDP fell 4.3% in 2020.