Azerbaijan’s economy is expected to grow by 2% rather than the 1.5% it previously forecast, the World Bank said this week. “We have revised our forecast upward because Azerbaijan’s economy showed unexpected growth in the first half of 2015,” a representative said.
According to the State Statistics Committee, GDP grew by 5.7% (AZM 26.3bn) in the first half of 2015 compared to the same period in the previous year, with the non-oil economy up by 9.2% and the oil and gas sectors by 1.3%.
Source: TREND