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Oil and COVID-19 shocks in Azerbaijan.
Details
DOI: 10.1108/OXAN-DB252723
ISSN: 2633-304X
Keywords
Geographic
Topical
The ministry's optimism is based on a recovery in global oil prices, the limited effects of COVID-19 lockdown measures on industries and businesses, and a rebound in domestic…
Debt restructuring was offered to good and bad companies alike. This indiscriminate approach delayed insolvency that would otherwise have overtaken 'zombie' companies.
Both processes have been interrupted by COVID-19 measures and an economic downturn stemming from lockdown and from sustained low oil prices.