Armenia Economic Outlook
October 4, 2016Armenia’s economy shifted into a lower gear in Q2, when GDP expanded a tepid 1.5% year-on-year (Q1: +4.5% yoy). The sluggishness is likely to have carried over into Q3: in July, economic activity fell a sharp 4.3% in annual terms and industrial production expanded at the slowest pace in over a year in August. New Prime Minister Karen Karapetyan took office on 13 September and the government was reshuffled thereafter, following the resignation of former PM Hovik Abrahamyan earlier in the month. The change in government comes after months of protests seeking social reforms and is probably designed to try to restore support for the ruling Republican Party ahead of next year’s parliamentary elections. The party’s popularity has suffered from a hostage stand-off in July and the ongoing economic slowdown.
Armenia Economy Data
5 years of Armenia economic forecasts for more than 30 economic indicators.
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Armenia Economic Growth
October 4, 2016Subdued copper prices and the adverse impact of Russia’s economic struggles on trade and remittances are weighing on growth. Our panelists see the economy expanding 2.2% in 2016 and 2.9% in 2017.