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.
