Baku 11° C
IMF: Azerbaijan’s economy will grow by 2.3% this year
Finance
- 06 April, 2021
- 13:24
Azerbaijan’s economy is expected to grow by 2.3% in 2021, 1.7% in 2022, Report informs, citing IMF Global Economic Outlook.
According to Outlook, Azerbaijan’s economy shrank 4.3% last year.
Moreover, the IMF stated that the annual inflation rate in Azerbaijan will be 3.5% in 2021, 3.2% in 2022, while it was 2.8% in 2020.
The Fund also forecasts a 5.8% decline in the unemployment rate this year, 5.7% in 2021. Last year, this figure was 6.5%.
.
Author
Latest News
21:48
Iranian FM Araghchi: US actions contradict their words
Region21:30
Azerbaijan-US trade turnover down 25%
Business21:16
Pentagon prepares for massive 'final blow' of Iran war
Other countries21:06
Photo
Ukrainian President Zelenskyy arrives in Saudi Arabia
Other countries20:58
6.5-magnitude earthquake strikes off northeastern Japan
Other countries20:51
Iran responds to US proposals
Other countries20:47
Rasha Yusuf: Each city in Karabakh has its own unique atmosphere
Karabakh20:42
Israel kills over 30 Hezbollah fighters in southern Lebanon
Other countries20:36