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ADB forecasts GDP growth rates for Asia's developing nations

Other News Materials 11 April 2024 11:10 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 11. The Asian Development Bank (ADB) has upped Asia's developing countries growth forecast for 2024 to 4.9 percent from 4.8 percent projected last December, Trend reports.

According to the bank, the GDP growth rate will be 4.9 percent in 2025.

Thus, ADB forecasts an average annual GDP growth rate of 4.9 percent for 2024-2025.

ADB predicts that Azerbaijan's GDP growth rate will be 1.2 percent in 2024 and 1.6 percent in 2025.

Accordingly, the bank expects the average annual GDP growth rate of Azerbaijan for 2024-2025 the level 1.4 percent.

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