ADB makes a disappointing forecast on Azerbaijan

12:36 - 4.08.2020

August 4, Fineko/abc.az. The Asian Development Bank (ADB) has released a new forecast on Azerbaijan.

ABC.AZ informs with reference to ADB’s report that the forecast is disappointing for Azerbaijan.

So, in the worst case scenario, this year's cash receipts to Azerbaijan will decrease by 23.1% compared with 2018.

The Bank cited the COVID-19 pandemic as the cause of that.

More precisely, the return of migrants working abroad because of the pandemic and unemployment in the countries where they are working has further exacerbated this process.

 

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