Baku: The international rating agency Fitch Ratings has updated its economic growth forecast for Azerbaijan, APA-Economics reports, citing the rating agency. The revised forecast reflects a change in the projected real GDP growth rate for the country in the coming years.

According to Azeri-Press News Agency, the agency has set the real GDP growth forecast for Azerbaijan at 2.3% for 2025 and 2.5% for 2026. This update indicates that Fitch has reduced its economic growth forecast for 2025 by 1.2 percentage points while leaving the forecast for 2026 unchanged.

Fitch Solutions, a member of the Fitch Group, recently announced its economic growth forecast for Azerbaijan, setting it at 2.6% for this year and 2.4% for 2026. This announcement comes as part of Fitch’s ongoing assessment of Azerbaijan’s economic outlook.