WB updates economic growth forecast on Azerbaijan in June

12:45 - 12.06.2024

June 12, Fineko/abc.az. The World Bank forecasts economic growth in Azerbaijan at 2.3% in 2024 and 2.4% in 2025 and 2026.

ABC.AZ informs that according to WB’s June report on the economy of Europe and Central Asia, published today under the title "Unlocking the Power of the Private Sector", that compared with the forecast published in January, GDP growth rate in 2024-2025 decreased by 0.1 p.p.

Growth in the South Caucasus is projected to stabilize at about 3.5% in 2024-2026.