Baku: Azerbaijan’s Central Bank Chairman, Taleh Kazimov, has announced a downward revision in the country’s economic growth forecasts for the years 2025 and 2026. This adjustment is attributed mainly to a decline in final household consumption. Kazimov shared these insights during a press conference focused on the parameters of the interest rate corridor.
According to Azeri-Press News Agency, Taleh Kazimov stated that the Gross Domestic Product (GDP) is expected to grow by 3% by the end of 2025, with non-oil GDP anticipated to rise by 4.2%. In 2026, the overall GDP growth is projected to be 2.2%, while non-oil GDP is expected to increase by 4.3%.