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IMF forecasts Azerbaijan's economy to grow by 3% this year

15.10.2021,16:16


October 15, Fineko/abc.az. Azerbaijan accelerates the pace of economic growth every month.

ABC.AZ reports that this is stated in the report of the Center for Analysis of Economic Reforms & Communications.

Over the first 9 months of 2021 Azerbaijan’s GDP growth rate made up 4.8% with growth of the non-oil sector by 6.2%:

"The IMF forecasts Azerbaijan's economy to grow by 3% this year that exceeds the previous forecasts and indicates an increase in confidence in the national economy. But the growth rate of the national economy significantly exceeds the forecasts of both the IMF and the World Bank. The economic growth rate in Azerbaijan has already exceeded 4.1%, projected for the Middle East and Central Asia in the World Economy Survey.