Baku: 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. This announcement comes amid various factors that could influence these projections, such as fluctuations in oil and gas prices and regional geopolitical instability.
According to Azeri-Press News Agency, EBRD also predicts a decrease in the average annual inflation rate for Azerbaijan, expecting it to fall to 3.5% this year. Additionally, the Bank has forecasted that the weight of the current account surplus of Azerbaijan’s balance of payments in GDP will be 8.5% in 2024.