We are pleased to announce that the 6th International Congress on Economics, Finance & Energy (EFE’2024) titled “Economic Resilience for Sustainable and Inclusive Growth in the Multi-Crises Era” will be held on June 27-29, 2024 in Nakhchivan.
Today, we have witnessed many crises caused by economic and non-economic shocks in the global economy: Covid-19 pandemic, post-Covid disruptions in global trade and supply chains, the subsequent surges in commodity prices, deepening income inequality, economic stagnation, migration, food and energy security, and climate change. Following the Covid-19 pandemic, self-sufficiency concerns have increased in many countries. These concerns led to export restrictions and shrinking world trade in a crisis environment. Most countries around the world implemented active monetary and fiscal policies but lower-income economies had far less fiscal space to do so and these countries were less able to mitigate increases in poverty and hunger. Since then, growing public debt has been shrinking their abilities to absorb external shocks further. Many developing countries suffered from high consumer prices, foreign exchange shocks, and high debt levels.
Azerbaijan
ERI