Forecast: Azerbaijan`s economic activity to recover gradually

11:23 - 29.12.2020


December 29, Fineko/abc.az. The forecasts on the baseline scenario show that next year the indicators of the external and internal balance in Azerbaijan are likely to improve compared with 2020, ABC.AZ reports with reference to the Central Bank’s statement about the main directions of monetary & financial stability policy for 2021.

It was noted that the situation with the pandemic in 2021, the dynamics of oil prices on the world market, the prospects of the OPEC+ agreement, the processes taking place among trading partners, and the dynamics of imports will be the main factors affecting the external balance of Azerbaijan.

The gradual recovery of economic activity in the real sector of Azerbaijan’s economy is forecasted in 2021.

 

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