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10:18 17 July
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WB: Economic growth to be 2.6% in Azerbaijan by 2020


Economic growth will be 2.6% in Azerbaijan in 2018-2020, APA-Economics reports quoting World Bank’s Global Economic Prospects.

 

According to the Global Economic Prospects, in 2017 weak economic lagging was observed in the country. Decline in oil price in 2014-2016 affected the economy of the country, banking sector faced problems. However, oil prices are increasing, investments are extending.

 

The authors forecasts GDP in Azerbaijan at 0.9% in 2018, 1.5% in 2019. 

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