CBA maintains stable forecasts on economic growth and CAB
The Central Bank of Azerbaijan forecasts economic growth in the country this year at the level of 3.5-4%, including in the non-oil and gas sector-5.5-6%.
Chairman of the organisation Taleh Kazimov stated this at a press conference at the CBA.
‘Next year, the country's gross domestic product (GDP) is expected to grow by 2-2.5%, including in the non-oil and gas sector by 4-5%. This is the same as our April forecasts,’ he added.
Furthermore, according to the chairman, the CBA's forecast for the current account balance (CAB) surplus in April this year, based on the baseline scenario, has not changed: "‘Like 3 months ago, we expect a surplus of $ 7 billion on the CAB in 2024 and $ 6 billion in 2025."
Finance
-
Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
-
The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
-
The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
-
According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
Leave a review