BAKU, Azerbaijan, April 11. The Asian Development Bank (ADB) expects the South Caucasus and Central Asia (CA) regions' GDP growth rate to reach 4.3 percent in 2024, Trend reports.
The data from the bank shows that the GDP growth rate will be five percent in 2025.
Thus, the bank forecasts Azerbaijan's average annual GDP growth rate for 2024–2025 at 4.65 percent.
ADB forecasts that Azerbaijan's GDP growth rate in 2024 will be 1.2 percent, and in 2025, it will be 1.6 percent.
On that account, the Bank predicts that South Caucasus and Central Asia's average annual GDP growth rate in 2024–2025 will be 1.4 percent.