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S&P raises Azerbaijan's 2024 GDP growth forecast to 4.5%, with annual growth of 2% till 2027.
S&P has revised its forecasts for Azerbaijan, predicting a 4.5% GDP growth in 2024, up from a previous 2.5%.
It projects a 2% growth annually from 2025 to 2027.
The agency also lowered the forecast for Azerbaijan's trade balance and current account surplus, predicting a surplus of 6.9% in 2024, declining to a 0.2% deficit in 2027.
S&P affirmed Azerbaijan's credit ratings at "BB+/B," noting the country's financial management and reserves, which help mitigate economic risks.
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El S&P eleva el crecimiento del PIB de Azerbaiyán en 2024 a 4,5%, con un crecimiento anual del 2% hasta 2027.