BAKU, Azerbaijan, October 4. The World Bank (WB) forecasts Azerbaijan's economic growth to stand at 4.2 percent at the end of the year 2022, Trend reports via Bank reports.
WB improved its forecasts by 2.7 percent in comparison to June reports (in June the growth was expected to be at 1.5 percent).
Furthermore, WB forecasted the growth of the Azerbaijani economy at the level of 0.6 percent in 2023, and in the updated report - 2.8 percent. The bank also expects Azerbaijan's economic growth in 2024 to be 2.6 percent.
World Bank and Azerbaijan implemented 52 projects since the beginning of cooperation worth almost $4 million. Currenly, WB implements three ongoing projects in Azerbaijan.