// 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
The representatives of the Armenian investment promotion agency took part in the EBRD reception held in Westminster Palace.
TAROM has sold its two Airbus A310 aircraft, bought in 1991, to Armenia Airways, a newly-established company, for €5.5 million
It has been agreed that Iran’s gas export volume to Armenia and dispatch of electricity from Armenia back to Iran should grow as of 2018.
Behzad Babazadeh said that the Armenian side wants imported gas from Iran to be increased from 1 mcm to 1.6 mcm.
Partner news