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World Bank: Armenia to record 4.1% economic growth in 2018

World Bank forecasts a 4.1 percent economic growth for Armenia in 2018, the Global Economic Prospects report shows.

World Bank: Armenia to record 4.1% economic growth in 2018

World Bank: Armenia to record 4.1% economic growth in 2018

STEPANAKERT, JUNE 6, ARTSAKHPRESS: According to the report, Armenia’s economic growth is expected to be 4 percent in 2019 and 2020.

Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said.

As to Europe and Central Asia, growth is projected to moderate to an upwardly revised 3.2 percent in 2018 and edge down to 3.1 percent in 2019 as a modest recovery among commodity exporting economies is only partially offset by a slowdown among commodity importers.

Growth in Russia is anticipated to hold steady at a 1.5 percent rate this year and accelerate to 1.8 percent next year as the effects of rising oil prices and monetary policy easing are offset by oil production cuts and uncertainty around economic sanctions.


     

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