Fitch Solutions (included in Fitch Group) improved Azerbaijan GDP growth from 3.4% to 5.1% in 2022, according to Fitch Solutions.
The improvement in the forecast is due to higher oil prices in world markets.
“The rates of nominal salary growth exceeds the level of inflation, in connection with which internal demand will most likely remain high in the coming months,” Interfax -Azerbaijan is the opinion of Fitch Solutions analysts.