The Central Bank of Azerbaijan (CBA) forecasts that the country's gross domestic product (GDP) will grow by 1.3% this year and 2.4% next year, CBA Governor Taleh Kazimov, stated at a press conference dedicated to the monetary policy decision, APA-Economics reports.
According to him, the economic growth forecast for this year has been revised upward.
The CBA Governor noted that growth in the non-oil and gas sector is expected to reach 2.8% in 2026 and 4.3% in 2027.
Taleh Kazimov identified tourism, trade, transport, and other sectors as areas supporting economic growth in the non-oil and gas sector.