Gazprombank: Azerbaijan's economic growth will recover to 5.1% in 2021

Gazprombank: Azerbaijan's economic growth will recover to 5.1% in 2021

The demand for hydrocarbons and the implementation of new projects in Karabakh will add one percent to the growth of the Azerbaijani economy in 2021, which will be 5.1 percent, Gulnara Haydarshina, deputy head of the market analysis department of the Russian Gazprombank, told Trend.

According to her, next year, as Gazprombank predicts, the growth of the Azerbaijani economy will be 4.5 percent with the updated baseline scenario of the average price for Brent oil at $ 81.7 per barrel.

Haydarshina noted that Gazprombank considers Azerbaijan's Eurobonds as fairly valued by the market in comparison with the securities of countries of a similar rating group.

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