ADB changes its forecast on Azerbaijani economy

Asian Development Bank (ADB) forecasts the decrease rate of Azerbaijan’s GDP to be 4.3% (previous decrease forecast 0.1%), while inflation by 3.8% (previous forecast 2.8%) in 2020 by taking into consideration negative effects of COVID-19 pandemics, APA reports citing ADB’s updated September report entitled “Asian Development Outlook” (ADO).

 

It has been noted in the report that Azerbaijani economy will increase by 1.2% in 2021 (same with the previous forecast), inflation will be 3.2% (previous forecast 3.5%).

 

Source: Azeri-Press News Agency

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