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Saturday November 2 2024

Azerbaijan's economic resilience: positive indication of foreign investment

2 November 2024 15:51 (UTC+04:00)
Azerbaijan's economic resilience: positive indication of foreign investment
Fatima Latifova
Fatima Latifova
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Recently, the nearly 8% increase in the broad money supply in manat terms is a positive sign for the Azerbaijani economy. First and foremost, it indicates a rise in economic activity within the country. The growth of the money supply implies that consumers are spending more and investments are increasing. This, in turn, leads to the expansion of business activities, the creation of new jobs, and the stimulation of economic growth. Increased economic activity, alongside a rise in consumer demand, contributes to the growth of national production as well.

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