IMF raised its forecast on Azerbaijan's GDP growth

IMF raised its  forecast on Azerbaijan

© APA | IMF raised its forecast on Azerbaijan's GDP growth

# 08 July 2022 15:05 (UTC +04:00)

International Monetary Fund (IMF) increased the GDP growth forecast in Azerbaijan from 2.8% to 3.8% in 2022, "APA-Economics" reports citing IMF's statement on the results of the Article IV consultations with the Azerbaijani government from May 25 to June 7.

The IMF forecasted the growth of GDP in Azerbaijan at 2.6% for 2023, and 2.5% for 2024-2027.

It was reported that growth in the non-oil sector will be 5.5% in 2022 (April forecast – 4%), 3.7% in 2023, and 3.5% annually in 2024-2027.

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