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
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