International Monetary Fund (IMF) has forecasted that the economic growth in Azerbaijan will be 2,3% by 2029, this was reflected in an appraisal (conducted in November 2023-IMF) of the Executive Board of the International Monetary Fund (IMF) based on the conclusions of the Article IV consultation with the Republic of Azerbaijan, APA-Economics reports.
According to the appraisals of the Fund, the average annual inflation in Azerbaijan will decrease by 4,7% in 2024, 5% in 2025, 4,5% in 2026, and by 4% in 2027-2028.
IMF believes that supported by elevated oil prices, the external position is projected to remain strong with trade surpluses and continued foreign reserves accumulation.
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