11:53 - 28.12.2024

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December 28, Fineko/abc.az. The expectations of the government, international financial and credit organizations and leading rating agencies regarding the prospects for economic growth in Azerbaijan are optimistic, ABC.AZ informs, referring to CBA’s statement on the main directions of monetary policy for 2025. Next year, growth in the real sector of the Azerbaijani economy is projected to continue.

According to CBA forecasts in October 2024, real economic growth rate in 2025 will be 3.3%, including 5.1% in the non-oil sector.

"According to estimates, the current account of the balance of payments is expected to remain in surplus in 2025. According to forecasts of the baseline scenario (oil price - $79.2 per barrel, gas price - $340 per 1,000 cu m), the current account surplus in 2025 will amount to $5.5 billion, which is equivalent to 7.2% of GDP.

During this period, the geopolitical situation, world prices for major export products, the macroeconomic situation in trading partners, and export potential in the non-oil/gas sector will be the main factors affecting Azerbaijan's balance of payments," the statement says.