Economic growth will be 2.6% in Azerbaijan in 2018-2020, APA-Economics reports quoting World Bank’s Global Economic Prospects.
According to the Global Economic Prospects, in 2017 weak economic lagging was observed in the country. Decline in oil price in 2014-2016 affected the economy of the country, banking sector faced problems. However, oil prices are increasing, investments are extending.
The authors forecasts GDP in Azerbaijan at 0.9% in 2018, 1.5% in 2019.