BAKU, Azerbaijan, July 24. International rating
agency S&P Global Ratings has improved the forecast for the
growth of Azerbaijani economy in 2022 to 3.5 percent from
previously expected 2.7 percent, Trend reports citing agency.
agency S&P Global Ratings has improved the forecast for the
growth of Azerbaijani economy in 2022 to 3.5 percent from
previously expected 2.7 percent, Trend reports citing agency.
According to S&P, Azerbaijan’s GDP growth forecasts for
period from 2023 through 2025 have remained unchanged since the
January review. This figure will be 1.5 percent from 2023 through
2024 and 1 percent in 2025.
According to forecasts, the average annual growth of the
Azerbaijani economy will be about 1.3 percent from 2023 through
2025.
S&P agency predicts Azerbaijan’s nominal GDP for 2022 at $72
billion (previous forecast for 2022 – $61 billion), in 2023 – $69
billion (previous forecast $60 billion), in 2024 – $61 (previous
forecast $58 billion), in 2025 – $64 billion (previous forecast $61
billion).
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