World Bank predicts 5.3% GDP growth for Armenia in 2018October 27, 2018 - 13:44 AMT PanARMENIAN.Net - Real GDP growth in Armenia is expected to moderate to 5.3 percent in 2018, reflecting strengthening headwinds in the country's main trading partners, the World Bank said in its new forecast. According to the new data, GDP expanded by 8.3 percent in the first half of 2018, benefiting from robust external an domestic demand and elevated copper prices. Inflation will edge up but remain within the CBA target range, while the current account deficit will widen on account of a higher import bill, WB said. "Armenia’s economy continued to grow strongly in 2018, reflecting robust external demand, favorable metal prices, higher investment, and strengthened private consumption," the Bank said. "Improvements in labor markets and remittance inflows are estimated to have lowered poverty to prefinancial crisis levels." Related links: 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 | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |