EDB forecasts 1.7-2.2% GDP growth in Armenia for 2016January 11, 2016 - 14:01 AMT PanARMENIAN.Net - Analysts of the Eurasian Development Bank (EDB) predicted а 1.7-2.2% GDP growth in Armenia for 2016, EDB said in its CIS Macromonitoring report. According to the consensus forecast of the bank, Armenia's economy will grow by 2.2%. Also, the report suggests that the economic slowdown in the 4th quarter of 2015 may have been sensitive to deteriorating foreign trade conditions, strengthening of real exchange rate, as well as declining positive effects of the supply shock in mining and agriculture. “The economic activity index declined in October-November 2015, with GDP growth in 2015 amounting to 2.5 to 2.7% (2.3% according to the revised consensus forecast),” the document says. According to the latest forecast of the World Bank, GDP growth in Armenia for 2016 will amount to 2.2%. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |