ADB updates growth forecasts of Azerbaijan's economy for 2024-2025

ADB updates growth forecasts of Azerbaijan
# 11 April 2024 14:36 (UTC +04:00)

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.

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