Armenia: World Bank forecasts 3.7% GDP growth in 2017

Armenia: World Bank forecasts 3.7% GDP growth in 2017

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
Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well.
According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed
Mher Grigoryan added that the government will ensure that the borrowed funds are spent efficiently.
Wizz Air Abu Dhabi will be regularly flying from the Armenian capital of Yerevan to Abu Dhabi, UAE.
Partner news