16:10 - 3.12.2024

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December 3, Fineko/abc.az. By 2025, economic growth is projected at 3.3% of total GDP and 5.1% of non-oil GDP.

ABC.AZ reports, referring to the CBA Monetary Policy Review, that the economic growth forecast in October was adjusted by 1.2 p.p. by 2025 compared with the previous forecast (July 2024) and by 0.7 p.p. up in the non-oil sector.

The upper revision of economic growth forecasts for 2025 relates to expectations that the real growth rates of final household consumption (real growth rates of final household consumption by 5.6% according to the October forecast and by 5.5% in July) and final consumption of the public sector (real growth rates of final consumption of public institutions by 6.8% according to the October forecast and by 5.7% in July) will be higher.

The main risk to economic growth next year may be the restriction of exports and foreign investment amid expectations of  global recession.