Current Account in Armenia
Armenia - Current AccountAvailable data suggests that the economy remained subdued in Q3, after the outbreak of the Covid-19 pandemic and related containment measures crushed demand in Q2. Although the pace of contraction in economic activity moderated in Q3 compared to Q2, it still remained stark as the services sector continued to languish. Additionally, coronavirus infections started to rise rapidly in mid-September, and accelerated further through October. This, coupled with renewed fighting in the Armenia–Azerbaijan military conflict over the Nagorno-Karabakh region, as internationally-backed ceasefires have failed to take hold, bodes ill for general activity in Q4. Meanwhile, in early October, Fitch Ratings downgraded the country’s credit rating to B+ from BB- on a higher-than-expected public debt trajectory ahead.
Armenia - Current Account Data
|Current Account (% of GDP)||-2.7||-2.0||-3.0||-9.3||-8.1|
5 years of economic forecasts for more than 30 economic indicators.
Armenia Current Account Chart
|Stock Market||0.1||0.0 %||Jan 07|
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