In the aftermath of consecutive devaluations in 2015, Azerbaijan struggles to return to pre-devaluation economic levels, raising concerns about the nation's overall growth trajectory. Despite a 1.1 percent increase in gross domestic product (GDP) in 2023, reaching 123 billion Manats (approximately $72.3 billion), the country lags behind regional peers. While the Central Bank of Azerbaijan forecasts a modest 3-3.5 percent real economic grow...

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