Azerbaijan - 2016: a year of economic recession, the devaluation of the manatand high inflation
The past year in all respects, has been a disaster for the economy of Azerbaijan. The economic recession, high inflation, devaluation of the manat, reducing investment and foreign trade, an increase in public debt, deteriorating socio- economic situation - these were the main negative effects of the economy, which lasted more than two years and have not been resolved over the past year. The deteriorating socio-economic situation in Azerbaijan will undoubtedly contains great risks not only for the country but also for the Republic of Armenia and Artsakh, as well as for the whole region. The current economic situation in the country is sufficient in order to save for their own power Aliyev at any moment could go on a military adventure against Armenian states. However, the outbreak by Aliyev both local and large-scale war will be the most tangible threat to the economy of Azerbaijan, which directly or indirectly further weaken the economy. By the way, the hostilities in April, also had its negative impact on Azerbaijan -. Disinvestment, capital flight, inflation, etc. At this time, such a war is a nasty blow to the economy of Azerbaijan - stronger than the blows of falling oil prices. That is, the main risk to the economy and the state of Azerbaijan is not the price of oil, and short-sighted policy of Aliyev.