The European Bank for Reconstruction and Development (EBRD) has forecasted that real economic growth in Azerbaijan will be 3.8% in 2024 and 2.7% in 2025, APA-Economics reports citing the Bank.
Noted that the factors that will affect the forecast may be changes in oil and gas prices, as well as geopolitical instability in the region.
EBRD also forecasted that the average annual inflation for this year will decrease to 3.5%. According to another forecast of the Bank, the weight of the current account surplus of Azerbaijan's balance of payments in GDP will be 8.5% in 2024.
