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Macro Poverty Outlook for Azerbaijan : April 2022 (English)

Russia’s invasion of Ukraine poses downside risks to Azerbaijan’s economic outlook, particularly in the non-energy sector. This follows a strong rebound in 2021, as recovering domestic and external demand supported growth in both energy and non-energy sectors, while rising global energy prices aided external and fiscal balances. Soaring energy prices will provide a short-term windfall, but mounting inflationary pressures and lower remittances are expected to weigh on poverty.

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World Bank

Macro Poverty Outlook for Azerbaijan : April 2022 (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099947204222230445/IDU016a873db03da204c640a0c7073c00fb7f2ed