// 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
Ghalbourjian Group, in particular, aims to start production of vegetable oil and other additives.
The first meeting of the European Union-Armenia Partnership Committee in Trade configuration under the CEPA.
Armenia has been included in the report titled Best European Countries for Business 2018 compiled by the European Chamber.
Armenia has claimed the 68th spot in the rating of the world’s innovative economies and has made it to the list of innovation achievers
Partner news