Finance

Finance

World Bank improves economic growth forecasts for Azerbaijan and the South Caucasus region

12 June 2026 09:49 (UTC +04:00)

The World Bank has improved its economic growth forecasts for Azerbaijan for 2026 and 2027, APA-Economics reports, citing the Bank’s report on the global economy.

According to the World Bank’s updated forecast, Azerbaijan’s real GDP will grow by 2% in 2026 and by 1.8% in both 2027 and 2028.

In other words, compared to its January forecast, the Bank increased its projection for 2026 by 0.2 percentage points and for 2027 by 0.1 percentage points.

As for the South Caucasus countries as a whole, the World Bank forecasts economic growth of 3.4% in 2026 and 2027, and 3.2% in 2028. Compared to its previous forecast, the Bank improved its projection for 2026 by 0.1 percentage points and for 2027 by 0.3 percentage points.

Rahim Tariverdiyev

World Bank Azerbaijan economy economic growth GDP forecast real GDP South Caucasus global economy economic outlook 2026 forecast 2027 forecast 2028 forecast

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