Low oil prices will force policy choices on Azerbaijan
Azerbaijan is entering a period of moderate growth and reduced infrastructure spending
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In this article
- Declining production
- Deteriorating terms of trade
- Second-round effects
- Still energy-driven
- Fiscal adjustment
- Halving capital expenditures
- Protecting SOFAZ reserves
- Targeted spending
- External adjustment
- Manat earnings
- Boosting exports?
- Boosting inflation
- Restoring competitiveness
- Financial fragilities
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