// IP Marketing video - START// IP Marketing video - END

World Bank: Armenia GDP to register 2.7% growth in 2017

World Bank: Armenia GDP to register 2.7% growth in 2017

PanARMENIAN.Net - Armenia will post a 2.7% real GDP growth in 2017, the World Bank said in its January edition of Global Economic Prospects: Weak Investment in Uncertain Times.

The Bank’s previous projections, published in June 2016, envisaged a 2.8% hike.

According to the report, the country’s GDP will grow by 3.0% in 2018 and 3.2% in 2019.

The January 2017 Global Economic Prospects forecasts a subdued recovery in 2017 after the weakest year since the financial crisis.

World economic growth is projected to pick up to 2.7 percent in 2017 from a sluggish rate of 2.3 percent in the year just ended.

East Asia and the Pacific and South Asia—emerging and developing economy regions that are home to many commodity-importing economies—are projected to experience solid growth.

India is seen as sustaining a growth rate above 7 percent, while China is anticipated to expand 6.5 percent.

 Top stories
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
The government has made a decision to allocate to Sastex the building of the former regional hospital and the adjacent areas.
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
Partner news