The European Bank for Reconstruction and Development (EBRD) has updated its economic growth forecast for Azerbaijan, APA-Economics reports.
The EBRD has projected Azerbaijan’s economic growth at 2% for 2025 and 2.5% for 2026 in its new report. In other words, compared to its previous forecast, the EBRD has revised down its 2025 growth projection by 1 percentage point, while the 2026 forecast remains unchanged.
It was noted that the new forecast is related to activity in the non-oil sector compensating for weaker performance in the oil sector.
"Volatility in energy prices, uncertainty in global trade, and regional geopolitics pose risks of slower economic growth. The potential for GDP growth is tied to cooperation with the EU in the energy sector, the expansion of the Middle Corridor, and the peace agenda with Armenia — all of which could open new trade routes and boost investor confidence," the EBRD added.
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