Fitch: Azerbaijan’s economy to grow 3.5% in 2019

  18 February 2019    Read: 2499
  Fitch: Azerbaijan’s economy to grow 3.5% in 2019

Azerbaijan’s economy will grow 3.5 percent in 2019,  AzVision.az reports citing Fitch Ratings.

Fitch Ratings has affirmed Azerbaijan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.

The growth is supported by the coming on stream of Shah Deniz 2 gas field and investments stemming from the extension of the production sharing agreement for the exploitation of the country’s largest oil field, reads the report.

“Tourism and agriculture will foster non-oil sector growth,” the report said.


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