Non-Oil Sector To Keep Impressing

A weaker performance of Azerbaijan's oil sector has seen the economy expand by just 1.1% in the seven months to July, presenting downside risks to our 5.6% full-year growth forecast. However, with the non-oil sector booming on the back of robust fixed investment growth, we reiterate our constructive view on the longer-term outlook for the non energy sector of the economy.

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