Azerbaijan is in a favorable position in terms of its low public debt, international reserves, and strong fiscal and external positions, Steve Loris Gui-Diby, World Bank Senior Country Economist for Azerbaijan, said at the “Fitch in Azerbaijan” event held in Baku, APA-Economics reports.
According to him, although the region as a whole has faced a number of challenges recently, it has demonstrated a certain degree of resilience. At the same time, economic growth in the region has weakened from around 2.6% to a range of 2.1–2.3%.
Gui-Diby said that high inflation is putting pressure on the purchasing power of the population, as well as on investment opportunities….