  World Bank revises Armenia’s GDP growth forecast to 4.1% in 2018 June 6, 2018 - 12:45 AMT 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 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 |  Latest news Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia. |
