Baku Leans On Fiscal Discipline To Power Post-Hydrocarbon Transition
For years, Azerbaijan's economic narrative has resembled a familiar commodity-state arc: strong growth when oil prices rise, inevitable tightening when they fall, and a policy debate perpetually circling around how to diversify-yet rarely delivering one. That script may now be changing. And unlike earlier cycles marked by political declarations and modest reforms, today's transformation is increasingly visible where it matters most: in the data.
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