GDP
ADB cuts Azerbaijan's 2026 GDP growth forecast to 1.6%
The Asian Development Bank lowered its forecast for Azerbaijan's economic growth in 2026 from 2% to 1.6%, keeping its 2027 estimate at 1.8%.
Azerbaijan's economy grows by 1.2% — industries move in different directions
Rapid growth in communications and transport coexists with a decline in construction. Overall GDP hides different conditions for business, and industry percentages cannot be added together.
Azerbaijan's GDP grows by 1.2% in 8 months
In January-August 2024, Azerbaijan's GDP reached 87.7 billion manats, up 1.2% year-on-year. The non-oil and gas sector grew by 2.1%.
Kyrgyzstan's GDP Grows 11.1% in First Seven Months of 2026
According to the National Statistical Committee, Kyrgyzstan's GDP in January-July 2026 amounted to 1,172.7 billion soms, up 11.1% compared to the same period in 2025.
Eurozone GDP grows 0.4% in Q2, fastest in five quarters
The eurozone economy expanded by 0.4% in the second quarter of 2024 compared with the previous quarter, the fastest pace in five quarters, according to revised data from Eurostat.
Azerbaijan's Beverage and Tobacco Sales Up 1.3% in Seven Months
In January-July 2026, retail sales of beverages and tobacco products in Azerbaijan amounted to 1.672 billion manats, up 1.3% year-on-year.
Russian Export Restrictions to Affect 1-1.5% of Armenia's GDP
Russian export restrictions on Armenia will impact sectors accounting for 1-1.5% of the country's GDP, according to a Central Bank official.
Kazakhstan's GDP grows 4.1% in seven months of 2026
Kazakhstan's GDP grew 4.1% in January-July 2026, supported by the non-oil sector, which expanded by 5.4%.
Azerbaijan: Agricultural Production Up 2.8% in Seven Months
In January-July 2026, Azerbaijan produced agricultural goods worth 8.8 billion manats, up 2.8% year-on-year.
Turkmenistan's GDP grows 6.3% in first seven months of 2026
Turkmenistan's GDP growth reached 6.3% in January-July 2026, driven by strong performance in transport, trade, and services.
Bloomberg: Germany's GDP to Grow 1.1% in 2027
Analysts forecast Germany's GDP to grow 1.1% in 2027 and 1.2% in 2028, driven by infrastructure and defense spending.
Central Bank Chairman on Azerbaijan's Economic Growth
In 2026, Azerbaijan's economic growth is expected at 0.5%, including 2.4% in the non-oil sector.
Kazakhstan Aims to Reduce Shadow Economy to 13.8% of GDP by 2028
The Kazakh government approved a plan to cut the shadow economy from 16.7% in 2025 to 13.8% by 2028 through digitalization and AI.
IMF Upgrades China GDP Growth Forecast
The International Monetary Fund (IMF) has raised its economic growth forecasts for China for 2026 and 2027, despite expectations of a further slowdown.
Azerbaijan's Agricultural Sector Grows 2.2% in First Half of 2026
Azerbaijan's agricultural output reached 7.085 billion manats in January-June 2026, up 2.2% year-on-year, while GDP grew 0.8%.
EU Faces Rising Inflation and Slower GDP Growth
The European Central Bank (ECB) has downgraded its economic growth forecasts for the eurozone for the next two years.