The GDP growth in Azerbaijan is projected at 1.5 percent in 2015, says Global Economic Prospects report issued by the World Bank.

According to the previous report, the growth was set at 4.4 percent. The growth for next year is projected at 2.6 percent, and at 2.7 percent in 2017.

The World Bank experts stated developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs in a new era of low prices for oil and other key commodities