Azerbaijan reinvents its economy in face of global change

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Azerbaijan reinvents its economy in face of global change - in view of IMF report [ANALYSIS]

1 November 2024 13:44 (UTC+04:00)

Akbar Novruz

Azerbaijan’s economy stands at a critical juncture as it navigates a challenging global economic environment shaped by fluctuating oil prices, inflationary pressures, and evolving regional dynamics. According to the International Monetary Fund (IMF), the nation is poised to grow its nominal GDP from $72.4 billion in 2023 to $75.6 billion in 2024 and is projected to reach $77 billion by 2025.

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