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Begin New Search Publishing Institution Center for Economic and Social Development (CESD) Publication Year within 5 Years

1. A preliminary assessment of the impact of the COVID-19 pandemic on Azerbaijani economy

Author:
CESD Research Team
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Azerbaijan became the country among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic challenges caused due to the outbreak of COVID-19. Providing favorable economic conditions in the post-pandemic period is as crucial as supporting the economy during the period of the pandemic. It is an undeniable fact that the impact of the pandemic on the economy might be fully assessed only over time. Experience demonstrates that early evaluation may lead to even greater recession and instability. This paper aims to demonstrate the challenges faced by Azerbaijan in the framework of the fight against a pandemic. Since the economy of a country was affected, a detailed analysis may provide a better understanding of the outcome, enlightening the areas which need more support and development.
Topic:
Development, Economy, COVID-19, and Health Crisis
Political Geography:
Eurasia, Caucasus, and Azerbaijan

2. Amendments to state budget of Azerbaijan for 2020: Reasons and Expectations

Author:
Narmina Gasimova and Nigar İslamlı
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Nowadays, global economic growth has been severely affected beyond anything passed in nearly a century. The outbreak of the coronavirus disease has brought its negative impact and destructive outcome on the economies alongside with the sharp fluctuations in global energy and stock markets. There might be observed a subsequent sharp decline in the number of transactions and practical shutdown of many markets due to the large-scale quarantine and self-isolation measures. Taking into consideration the abovementioned factors, it becomes clear that there emerged a need to revise all economic forecasts for 2020-2021. The International Monetary Fund (IMF) predicted a decline of the global economic growth rate in April (-3%), but in accordance with the current circumstances, the figures were revised in June, representing a 4.9% decrease. In spite of a fact that Azerbaijan became one of the first countries among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic problems caused due to the pandemic, the impact of the emerged difficulties made a necessity to revise the budget.
Topic:
Budget, GDP, Economy, Coronavirus, IMF, and COVID-19
Political Geography:
Eurasia, Caucasus, and Azerbaijan