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

IMF improves 2017 GDP growth forecast for Armenia

IMF improves 2017 GDP growth forecast for Armenia

PanARMENIAN.Net - Armenia's economy is set to grow 3.5% in 2017, up from an earlier estimate of 2.9%, the International Monetary Fund said in its World Economic Outlook update for October.

The IMF lefts its 2018 forecast of 2.9% GDP growth unchanged.

Armenia's economy grew just 0.2% in 2016, with the government initially eyeing a 3.2% growth for 2017.

Later on, however, the country's finance minister Vardan Aramyan said thatthe economy is set to grow by 4.3% this year.

Also, Aramyan said in late September that the government planned to sell $500 million worth of Eurobonds in 2019 or 2020 to refinance a seven-year bond that matures in 2020.

 Top stories
Mountea, an Armenian company producing tea from the mountain herbs has begun to export its products to Russia.
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
Partner news