IMF updates forecast for Azerbaijan's economic growth

The International Monetary Fund has updated the forecast of economic growth in Azerbaijan for 2023.

The growth of the real gross domestic product in Azerbaijan this year will be 2.5 per cent, APA reports, citing the IMF forecast.

The IMF has forecast inflation in Azerbaijan at 10.8 per cent this year.

Earlier, the IMF lowered the forecast of economic growth in the region of Central Asia and the Middle East, which includes Azerbaijan, from 5.3 per cent to 3.2 per cent.