Economic Slowdown

Azerbaijan’s economy entered 2026 in an unusual position: official statistics show near-zero GDP growth, yet shopping malls, car dealerships and the consumer lending market continue to display notable...

Azerbaijan's economy faced a significant slowdown in 2023, with growth plummeting from 4.6% in 2022 to a mere 1.1%, sparking concerns within the government about avoiding the middle-income trap, accor...