Azerbaijan's economy will grow by 2.5% in 2021, and 3.3% growth is expected by 2022, Fitch Solutions reports.
"The ongoing economic recovery in continental Europe and the steady demand for oil and gas in 2021 and 2022 will help support Azerbaijan's external sector," says the report.
According to Fitch Solutions, real GDP growth in Azerbaijan will recover by 2.5% in 2021, after a 4.3% decline in 2020.
The State Statistics Committee of Azerbaijan reveals that the economy of Azerbaijan grew by 3.6% in January-August 2021.
