On the supply side, industry is forecast to expand by 2.1% in 2021 and 2.9% in 2022, led by higher gas production and recovery in construction, APA-Economics reports citing Asian development Bank.
Agriculture is expected to grow by 3.5% in both years on state support and easy farmer access to finance, including a new subsidy to cut production costs. Government plans to reconstruct territory scarred by the Azerbaijan–Armenia conflict will boost construction in 2021 and 2022. Recovery in retail trade and tourism is projected to boost services by 2.8% in 2021 and 4.0% in 2020
Source: Azeri-Press News Agency