BAKU, Azerbaijan, January 13. ING analysts have released their forecast for Azerbaijan's GDP growth in the upcoming years, Trend reports.
The latest data shows that economic growth in Azerbaijan is projected to reach 2 percent in the first quarter of 2025. The growth is predicted to rise to 2.5 percent in the second quarter, with further increases to 3 percent in both the third and fourth quarters.
Economists foresee moderate GDP growth of 2.6 percent in 2025 (unchanged) and 2.8 percent in 2026 (unchanged).
As a result, ING forecasts an average annual growth rate of 2.7 percent for Azerbaijan's economy from 2025 to 2026.
Notably, the European Bank for Reconstruction and Development (EBRD) forecasts a real GDP growth rate of 2.7 percent for Azerbaijan in 2025, while the Asian Development Bank (ADB) projects a 2.6 percent growth rate for the same year.
ING Group, headquartered in Amsterdam, is a Dutch multinational corporation offering a range of banking and financial services, including retail, direct, commercial, investment, wholesale, private banking, asset management, and insurance services.