List of industries most affected by the pandemic

17:27 - 24.05.2021


May 24, Fineko/abc.az. The sectors of activity most affected by the pandemic have been published.

ABC.AZ reports that this is reflected in the conclusion of the Azerbaijan Accounts Chamber on the Bill on the implementation of State Budget 2020 and the annual report on the implementation of the State Budget.

It is noted that as a result of restrictive measures, economic growth began to decline in the 2nd quarter of last year. With the exception of the 1st quarter the pandemic directly affected hotels and restaurants in 2020, and indirectly the mining industry.

"According to our calculations based on the data from the State Statistics Committee, although economic growth was recorded in Q1, the economic downturn peaked in Q3 due to a significant reduction in domestic and external demand due to subsequent measures. Hotels and restaurants, which were most affected by the pandemic, in Q2 decreased turnover more than by 70% compared with the same quarter of 2020, the most negative impact on GDP was the reduction in production in the mining industry in Q3 and Q4," the conclusion says.

 

Other news