Azerbaijan’s GDP growth to record gains over next two years - Fitch Ratings

Fitch Ratings international rating agency has said Azerbaijan’s GDP growth expected to record only modest gains over the next two years.

“Azerbaijan’s GDP growth slowed to about 1.4 per cent in 2023 and is expected to record only modest gains over the next two years,” the report by agency said, APA reports.

However, Fitch considers that Azerbaijan’s current account surplus will remain in double digits in two years.

Apart from that, the agency noted that higher-than-budgeted oil prices and non-oil revenue growth will keep Azerbaijan’s consolidated budget in surplus over the same period.