11:49 - 28.02.2025

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February 28, Fineko/abc.az. Overall economic growth is expected to reach 3.3% in 2025, and 5.2% in the non-oil sector.

ABC.AZ reports that according to Central Bank’s forecasts, in January 2025, consumer spending by households and the state will be the main reason for growth in the non-oil sector.

This forecast grew by 0.08 p.p. against October 2024. The change related to the update of the growth forecast in the oil & gas sector.

The growth forecast for the oil & gas sector remains stable and is based on official government forecasts. Growth in the oil & gas sector grew from 5.1% up to 5.2%.

The regulator notes that the main risk to economic growth in 2025 may be restrictions on exports and foreign investment amid expectations of global recession.