(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 26. Azerbaijan's GDP
growth in 2021 exceeded forecast level, Minister of Finance Samir
Sharifov said at a meeting of Azerbaijan's parliamentary committee
on economic policy, industry and entrepreneurship during the
discussion of the bill on“Implementation of the 2021 state budget
of Azerbaijan”, Trend reports.
“The last two years were rather difficult and we had to change
many of our forecasts in 2020 due to the coronavirus pandemic,”
Sharifov noted.
'There was a gap between supply and demand, the first signs of
the problem, now called the food crisis, began to form. Most of the
predicted risk factors occurred in 2021,' the minister said.
Meanwhile, the minister noted that nominal GDP of Azerbaijan
increased in 2021.
Real GDP growth was projected at 3.4 percent, but amounted to
5.6 percent in 2021, added Sharifov.
Tags:
- Samir Sharifov
- forecasting
- GDP growth
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