EDB forecasts 5.4% GDP growth for Armenia in 2017 August 18, 2017 - 17:11 AMT PanARMENIAN.Net - The Eurasian Development Bank (EDB) in its July edition of macroeconomic indices predicted a 5.4% economic growth for Armenia in 2017. According to the report, in June 2017 Armenia’s agricultural sector expanded by 3.4% year-on-year, while construction dropped by 4.4% y/y. Meanwhile, negative foreign trade balance in the first half of 2017 exceeded that of the same period last year by 30% ($190 million). Annual inflation for June amounted to 1.1%, the report said, adding that it will grow to 2.3% at the end of the year. The state budget surplus in June amounted to AMD 1.7 billion, the report said. Armenia’s economy grew by 0.2% in 2016, with the government eying a 3.2% GDP growth in 2017. Related links:   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 European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
