Trading Economics announced its forecasts regarding macroeconomic indicators in Azerbaijan, APA-Economics reports.

The international economic statistics portal predicted that the economic growth in Azerbaijan will increase to 3.4% in the second quarter of 2024, and will decrease to 1.5% in the last quarter of the year.

Trading Economics also unveiled that the peak of inflation in Azerbaijan in 2024 will be in the third quarter and will rise to 5.3%. According to the forecast, inflation will decrease to 5% at the end of the year.

Additionally, the portal predicted the unemployment rate in Azerbaijan at around 5.8% this year.

Note that the expectations of the Ministry of Finance of the Republic of Azerbaijan regarding the real growth of real GDP in Azerbaijan in 2024 are 2.4%, and the forecast of the Central Bank is around 3-3.5%.

Source: Azeri-Press News Agency