Armenia: World Bank forecasts 3.7% GDP growth in 2017October 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 | 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. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |