  EDB forecasts 1.7-2.2% GDP growth in Armenia for 2016 January 11, 2016 - 14:01 AMT PanARMENIAN.Net - Analysts of the Eurasian Development Bank (EDB) predicted а 1.7-2.2% GDP growth in Armenia for 2016, EDB said in its CIS Macromonitoring report. According to the consensus forecast of the bank, Armenia's economy will grow by 2.2%. Also, the report suggests that the economic slowdown in the 4th quarter of 2015 may have been sensitive to deteriorating foreign trade conditions, strengthening of real exchange rate, as well as declining positive effects of the supply shock in mining and agriculture. “The economic activity index declined in October-November 2015, with GDP growth in 2015 amounting to 2.5 to 2.7% (2.3% according to the revised consensus forecast),” the document says. According to the latest forecast of the World Bank, GDP growth in Armenia for 2016 will amount to 2.2%.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
