...

S&P talks about Azerbaijan's GDP growth in 2022-2024

Finance Materials 24 January 2021 13:46
S&P talks about Azerbaijan's GDP growth in 2022-2024

BAKU, Azerbaijan, Jan. 24

By Fidan Babayeva - Trend:

Standard & Poor's (S&P) international rating agency expects Azerbaijan's gross domestic product (GDP) to grow by an average of 3.9 percent in 2022-2024, Trend reports with reference to the agency.

GDP in Azerbaijan will reach $45 billion this year, the report said.

Real GDP growth is expected to rise to 2.1 percent in 2021, slowing down in 2020.

S&P raised the outlook on Azerbaijan's ratings from "negative" to "stable" by maintaining long-term and short-term sovereign credit ratings in foreign and local currency at "BB + / B".

----

Follow the author on Twitter: @Fidan_Babaeva

Tags:
Latest

Latest