Asian Development Bank predicts stronger GDP growth for Armenia September 27, 2017 - 18:04 AMT PanARMENIAN.Net - The Asian Development Bank has raised its growth forecast for the Armenian economy to 3,8% in 2017 and 3,0% in 2018. The upgrades from 2,2% and 2.5% projected in Asian Development Outlook 2017 (ADO 2017) reflect a strong first half this year and improved outlook for Armenia. In the country, stronger remittances and external demand accelerated growth in the first half of 2017. Armenia's GDP grew 3,6% in 2014, 3,2% in 2015, and just 0,2% in 2016. Gerogia is also expected to witness a stronger economic growth in 2017 and 2018, while Azerbaijan, on the other hand, is set to decline by 1,3%. 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 Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |
