Baku 27° C
WB unveils economic growth forecast in Azerbaijan
Finance
- 18 February, 2021
- 05:18
The World Bank (WB) expects Azerbaijan’s economy to grow by 1.9 percent this year and 4.5 percent next year, Report informs. referring to the WB report.
The document also notes that in 2020, the economic growth will be 2.5 percent in the South Caucasus region, including Azerbaijan.
This growth will be ensured by weakening the coronavirus pandemic (COVID-19), resolving the Karabakh conflict, increasing consumer and business confidence, and the gradual recovery of the tourism sector, according to the bank.
Author
Latest News
14:57
Real Madrid goalkeeper Lunin offered to Juventus
Football14:30
Houthis attack Red Sea port in Yemen with ballistic missiles; at least 1 dead
Other countries14:10
Anthropic IPO valuation hinges on $190-200B 2028 revenue forecast, sources say
Economy13:49
Spain disregarded Ceuta warnings before migrant rush, say border workers' unions
Other countries13:27
Three more Azerbaijani boxers win at U19 European Championships
Individual sports13:12
Khankendi and Baia Mare to become sister cities
Foreign policy12:53
ASCO reports growth in truck and vehicle transport via ferries
Infrastructure12:40
Azerbaijan MFA congratulates Liechtenstein on National Day
Foreign policy12:22
Photo