BAKU, Azerbaijan, Feb. 25. Azerbaijan's real
GDP is expected to be in the range of 2.5% to 3% in 2026-27,
compared with an estimated 1.5% in 2025 and 4.1% in 2024, says
Moody’s, Trend reports.
“Growth will again be driven by the solid performance of the
non-oil sector, in which banks conduct most of their business,
supporting credit growth, asset quality and profitability. Economic
growth will be supported by expanding capacity and activity in the
transport and logistics sector, including key transport routes such
as the Trans-Caspian International Transport Route; by
reconstruction efforts in the Karabakh and East Zangezur regions;
and by the government's push into renewables, which has drawn
foreign investment into wind and solar projects,” reads the
report.
Will be updated
