Economic Impact of COVID-19 on Azerbaijan and its Policy Response

Economic Impact of COVID-19 on Azerbaijan and its Policy Response

Azerbaijan’s economy is expected to be adversely affected by COVID-19 pandemic in 2020. The real gross domestic product (GDP) of Azerbaijan is expected to shrink, unemployment level to increase and current account balance to show negative growth due to COVID-19 this year. As of 15th June 2020, Azerbaijan had 9957 confirmed COVID-19 cases out of which 5583 people have recovered from the disease while 119 have lost their lives.

In this blog post we will be focusing on economic impact of COVID-19 pandemic on Azerbaijan. We will also be taking a look at the social, fiscal, monetary and employment related policy measured taken by Azerbaijan government under following sections –

  1. Impact of COVID-19 on Azerbaijan Economy in 2020

  2. Coronavirus (COVID-19) Containment Measures of Azerbaijan

  3. COVID-19 Related Fiscal Policy Measures by Azerbaijan

  4. COVID-19 Related Monetary Policy Measures by Azerbaijan

  5. COVID-19 Related Employment Policy Measures by Azerbaijan

  6. COVID-19 Related Social Policy Measures by Azerbaijan

We have covered various macroeconomic factors and ...

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