The European Bank for Reconstruction and Development (EBRD) has improved its forecast for the economic growth of Azerbaijan in 2024, Paralel.Az-Economics reports.

The EBRD has raised its forecast for real GDP growth in Azerbaijan from 3.1% in May to 3.8%. In other words, it has increased the forecast by 0.7 percentage points.

The EBRD has kept its forecast for Azerbaijan's GDP growth for 2025 unchanged at 2.7%.