BAKU, Azerbaijan, May 6. Azerbaijan’s economic
growth is projected to remain modest in the coming years, Trend reports via the Central
Bank of Azerbaijan.
Central Bank's chairman Taleh Kazimov said at a press conference
on interest rate corridor parameters that gross domestic product
(GDP) growth is expected to reach 1.1% in 2026, while growth in the
non-oil and gas sector is projected at 3.2%.
For 2027, he said overall economic growth is also forecast at
1.1%, with the non-oil and gas sector expected to expand by
4.7%.
Kazimov noted that the projections reflect expected developments
in both the energy and non-energy segments of the economy.
