Azerbaijan’s economy will grow by 2.2% in 2026. This is a higher figure compared to the 1.4% growth in 2025.
“Elchi” reports that this was stated in the forecast of the “Fitch Ratings” agency.
The agency attributes the growth to the stabilization of gas production against the backdrop of declining oil production and states that the risks of serious disruptions in energy supply are low.
“Fitch” notes that military operations in Iran affect the economies of regional countries mainly through increased energy and logistics costs. This can increase inflation risks and lead to an expansion of the external deficit.
According to the agency, these effects will be felt more in Armenia and Georgia, which are energy importers. However, high reserves and limited exchange rate pressures reduce short-term risks.
“Fitch” believes that an increase in global energy prices could accelerate inflation, but positive real interest rates in the region provide central banks with additional room for maneuver.