International financial group ING, in its updated forecast, expects Azerbaijan's state budget surplus to reach 5% of GDP and its current account surplus to hit 11% of GDP in 2026.
This was reported by FinFly, citing an ING report.
"We view our updated global forecast as a direct stimulus for strengthening Azerbaijan's external and fiscal reserves: the budget surplus is expected to reach 5% of GDP, and the current account balance will stand at 11% of GDP in 2026," the company's specialists emphasized.
According to experts' estimates, Azerbaijan continues to be the main beneficiary of rising global energy prices.
"At this point, the key factors remain higher fuel revenues and broader energy diplomacy," the report states.
ING analysts also note that fresh data indicate a steady course toward developing trade corridors:
"International investments in the Azeri-Chirag-Gunashli field are being considered, a 15-year gas supply agreement from the Absheron field to Turkey has been signed, and the Baku-Supsa route is being considered as an alternative export channel for Kazakhstan."
At the same time, ING highlights risks to monitor: relatively high exposure to consumer price index influence from trading partners and a slowdown in economic growth.