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

World Bank revises Armenia’s GDP growth forecast to 4.1% in 2018

World Bank revises Armenia’s GDP growth forecast to 4.1% in 2018

PanARMENIAN.Net - Armenia will post a 4.1% GDP growth in 2018 and a 4% growth in both 2019 and 2020 after a 7.5% expansion in 2017, the World Bank said in its June edition of the Global Economic Prospects.

In the report’s January edition, however, the WB said the country’s economy will expand by 3.8% this year.

The Bank’s new forecast still offers a somewhat duller image compared to that of the government whose program envisages a 4.5% expansion.

Azerbaijan's economy, meanwhile, is expected to grow by 1.8% in 2018, while Georgia's is set to expand by 4.5%.

The Armenian economy grew by 7.5% in 2017, despite the government's 3.2% forecast after the country registered an economic progress of just 0.2% the year before.

 Top stories
Behzad Babazadeh said that the Armenian side wants imported gas from Iran to be increased from 1 mcm to 1.6 mcm.
The event was timed to coincide with the visit of a 10-strong delegation of prestigious UK companies led by Mark Pritchard MP.
The two-day intensive programme includes meetings with Armenian high level state authorities and business representatives
Fitch Ratings has affirmed the Armenian city of Yerevan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+'.
Partner news