Baku 27° C
WB unveils economic growth forecast in Azerbaijan
Finance
- 18 February, 2021
- 05:18
The World Bank (WB) expects Azerbaijan’s economy to grow by 1.9 percent this year and 4.5 percent next year, Report informs. referring to the WB report.
The document also notes that in 2020, the economic growth will be 2.5 percent in the South Caucasus region, including Azerbaijan.
This growth will be ensured by weakening the coronavirus pandemic (COVID-19), resolving the Karabakh conflict, increasing consumer and business confidence, and the gradual recovery of the tourism sector, according to the bank.
Author
Latest News
17:38
Photo
Azerbaijan and Greece discuss digital healthcare solutions
Health17:36
AzFina official: Banks, fintechs and platforms need clearer role distribution
Finance17:29
Chilean national team captain: Azerbaijan - main favorite at Chovgan World Championship
Team sports17:26
Expert: Trust key to wider use of regulated digital money
ICT17:15
CBA: New MCC tariffs aim to reduce business costs
Finance17:04
Baku to host IsDB Group's Private Sector Forum in June
Business17:00
Kallas to discuss Irish alumina supplies to Russia in Dublin amid growing EU pressure
Other countries16:55
SWIFT: Global payment ecosystem enters new transformation phase
Finance16:50