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Moody's positive forecast on Azerbaijan: Economic growth by 4%

03.03.2021,11:49


March 3, Fineko/abc.az. Moody's Investors Service forecasts Azerbaijan's economy to increase by about 4% in 2021.

ABC.AZ reports that this forecast is higher than the expectations of the main international organizations and credit agencies.

Rating agency S&P Global Ratings predicts GDP growth of Azerbaijan this year by 2.1%, the World Bank by 1.9%, and the UN by 2%. In 2020, country's GDP production decreased by 4.3%.