Armenia Economic Outlook
November 28, 2017Economic growth seems to have lost some steam in Q3 but remained buoyant nonetheless. The three-month average of the monthly economic activity index, a proxy for quarterly GDP, came in at 4.0% annually in Q3, below Q2’s 5.6%. Growth in industrial production in October almost doubled from September, and remittances increased 15.5% in the January-to-October period. In October, the government secured a USD 40 million deal with the Asian Development Bank; the Bank committed to cooperate with the government to improve the quality of public administration, enhance public-private partnerships, and build infrastructure.
Armenia Economic GrowthThe economy is likely grow on the back of solid domestic demand and growth in exports. Higher remittance inflows should support private consumption, and the recovery in oil prices is set to support fixed investment growth. FocusEconomics panelists see the economy expanding 3.5% in 2018, which is up 0.1 percentage points from last month’s forecast, and 3.6% in 2019.
Armenia Economy Data
5 years of Armenia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Stock Market||1.2||0.0 %||Dec 06|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.