Baku 4° 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
20:40
Photo
7 Azerbaijani citizens evacuated from Iran
Region20:37
IAEA says no changes in Iran's radiological situation
Other countries20:34
White House faces risk of air defense shortage at US bases in Middle East
Other countries20:31
Death toll in Iranian school strike nears 160 — Foreign Ministry
Region20:03
IRGC allegedly notifies ships of closing Strait of Hormuz
Region19:07
UN secretary-general condemns military escalation in Middle East
Other countries18:26
Almost all Iranian officials safe, says Araghchi
Region18:17
Türkiye urges US, Israel and Iran to halt attacks
Region18:07