Armenia: World Bank forecasts 3.7% GDP growth in 2017 October 19, 2017 - 17:26 AMT PanARMENIAN.Net - The World Bank has in a fresh report forecast a 3.7% GDP growth for Armenia in 2017, 3.8% in 2018 and 4.0% in 2019. Under these circumstances, the poverty rate would decline further to 11.0% in 2019. In the current year, inflation is set to stand at 1.0% Growth and poverty reduction prospects over the medium term remain positive in the country but subject to significant uncertainty, as risks on external and domestic political fronts remain high. Azerbaijan’s economy, on the other hand, is projected to contract by 1.4% in 2017, despite the increase in oil prices. Armenia's economy is set to grow by 4.3% this year, more than an earlier estimate of 3.2%, the country's finance minister Vardan Aramyan said earlier.   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. |
