GDP growth in Azerbaijan is projected to edge up to 1.2% in 2024 and 1.6% in 2025, according to the Asian Development Bank's (ADB) report on Asian Development Outlook (ADO) April 2024, APA-Economics reports.
According to the bank's analysts, contraction in industry is forecast to ease to 1.6% in 2024 because of slowing performance at oil platforms and further to 1.0% in 2025 as gas production becomes more important.