The International Monetary Fund has raised its economic growth forecast for Azerbaijan
The International Monetary Fund (IMF) predicts GDP growth of 2.8% in Azerbaijan this year. It should be noted that the report published in October last year estimated this figure for Azerbaijan at 2.3%. The IMF expects the Azerbaijani economy to grow by 2.6% in 2023. The statement came from Joshgun Jafarov, an analyst at the Center for Analysis of Economic Reforms and Communication. The analyst also noted that in the April issue of the "World Economic Outlook" report entitled "War Sets Back The Global Recovery", the forecast for global economic growth was lowered from 4.4% to 3.6%. One of the main reasons for this is the Russian-Ukrainian war and its aftermath, which significantly slowed down global economic development.
The report lowers economic growth expectations for the group of developed countries from 3.9% to 3.3% in 2022 and from 2.6% to 2.4% in 2023.
Related news
Training on the "Project Management" module has started at the CAERC
The Center for Analysis of Economic Reforms and Communication (CAERC) has organized a series of training sessions focused on the rules for utilizing a newly developed module aimed at improving the efficiency and centralization of…
"Azexport" portal and "Tradexter Global" bring Azerbaijani goods…
A memorandum of understanding was signed between Aykhan Qadashov, the head of the Azexport portal operated by the Center for Analysis of Economic Reforms and Communication, and Tradexter Global, a company based in Turkey, during a…
Ayaz Museyibov spoke about the role of artificial intelligence in increasing climate…
Ayaz Museyibov, Deputy Executive Director of the Center for Analysis of Economic Reforms and Communication (CAERC), participated as a speaker in a roundtable discussion titled "Policies for Climate-Resilient and Carbon-Free Economies…
The winner of the “StartUp School 2” project of the “Enterprise Azerbaijan” portal…
The winner of the “StartUp School 2 – AI for Green Solidarity” project, organized by the “Enterprise Azerbaijan” portal, which operates under the Center for Analysis of Economic Reforms and Communication,…
Enterprise Azerbaijan held "Graduation Day"
The “Graduation Day” of the “StartUp School 2 – AI for Green Solidarity” project, organized by the “Enterprise Azerbaijan” portal operated by the Center for Analysis of Economic Reforms and…
Vusal Gasimli participated in the "Think7" event
Professor Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reform and Communication attended the official handover ceremony of the coordination of the Center for International Governance Innovations (CIGI)…
Vusal Gasimli met with partners of the "StartUp School 2" project
Professor Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication participated in a meeting with Mehmet Tosun, Head of the Ozmen Entrepreneurship Center at the University of Nevada, USA,…
The final stage of the "Startup School 2" project - hackathon will be…
The "Graduation Day" of the "StartUp School 2 – AI for Green Solidarity" project, organized by the "Enterprise Azerbaijan" portal operated by the Center for Analysis of Economic Reforms and Communication,…
Op-eds
Agil Asadov
Head of the Strategic planning division
Moody's: Growing influence of the Middle Corridor boosts economic prospects
Ayaz Museyibov
Deputy Executive Director of the CAERC
Azerbaijan and Türkiye: Leading through unity in global crises
Ayaz Museyibov
Deputy Executive Director of the CAERC
Türkiye-Kyrgyzstan partnership fuels Middle Corridor's rise
Shabnam Mammadli
Sector director of the Monitoring of socio-economic programs
The liquidation of "Azalternativenerji" LLC will serve to reduce the demand and risks for state resources
Tarana Salifova
Head of the Monitoring and evaluation division
The change made in the strategy of socio-economic development for 2022-2026 will stimulate high economic growth
Vusal Gasimli
Executive director of CAERC
The equilibrium real exchange rate in a commodity exporting country: Azerbaijan's experience
Gunay Guliyeva
Head of department at CAERC
Educational Loans Will Accelerate Economic Development