ADB improves economic growth forecast for Azerbaijan

12:05 - 4.04.2023


April 4, Fineko/abc.az. The ADB expects Azerbaijan's GDP to be 3.5% higher this year than in 2022.

According to ADO for April 2023, the indicator is by 0.7 p.p. more than ADB's September forecast.

The bank expects 3.8% economic growth in Azerbaijan next year.

ADB predicts that the economy of the Caucasus and Central Asia region will grow 4.4% this year (0.2% more than the previous forecast) and 4.6% next year.