New forecast on Azerbaijan`s economy next year: growth by 1.2%

12:43 - 18.06.2020


June 18, Fineko/abc.az. The Asian Development Bank (ADB), taking into account the negative consequences of the COVID-19 pandemic, forecasts that in 2020 the rate of decline in Azerbaijan's GDP will be 0.1% and the inflation rate will be 2.8%.

ABC.AZ reports that this is stated in the updated report of the ADB’s Asian Development Outlook (ADO). The report says that in 2021 the economy of Azerbaijan will grow by 1.2% and the inflation rate will be 3.5%.

 

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