Azerbaijan’s risks are spiralling

Healing qualities: Azerbaijan’s economy is slowly finding its feet, in response to higher oil prices since 2016

Risk experts are still downgrading Azerbaijan in response to disappointing economic indicators, highlighting the effects of depressed oil prices and a lack of clarity from the government concerning its policymaking.

As of mid-May, Azerbaijan’s risk score has fallen to 39.4 out of a possible 100 points in Euromoney’s country risk survey – a long-term slide that has seen the country lose almost nine points since 2010.