World Bank: Armenia GDP to register 2.7% growth in 2017January 11, 2017 - 16:09 AMT 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 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 | Pasadena to host Armenian Genocide commemoration event The Pasadena Armenian Coalition will host its community-wide Armenian Genocide Commemorative Event. Armenia: Opposition activist transferred to Investigative Committee Activist Samvel Vardanyan has been accused of insulting the lawmaker Hakob Aslanyan from the ruling Civil Contract party. Russia confirms start of withdrawal of peacekeepers from Karabakh The Kremlin has confirmed reports about the start of the withdrawal of Russian peacekeeping forces in Karabakh. France recalls its ambassador to Azerbaijan France on April 16 said it had recalled for consultations the French ambassador to Azerbaijan. |