Armenia’s GDP growth 3.2% in 2013 - World Bank

Armenia’s GDP growth 3.2% in 2013 - World Bank

YEREVAN, January 15. /ARKA/. The World Bank sees Armenia’s GDP growth to be at 3.2% in 2013, says the WB report on global economic prospects.

According to WB’s November forecasts, Armenia’s GDP was expected to grow by 3-4%. As per the World Bank projection, Armenian economy will grow by 5% in 2014-2016.

The report says global economy growth rates will increase from 2.4% in 2013 to 3.2% this year and up to 3.4% in 2015, with the initial increase provided by high-income countries.

Developing countries’ growth rates are expected to increase from 4.8% in 2013 to 5.3% in 2014, 5.5% in 2015 and 5.7% in 2016.

The report also says economic activity improved in Europe and Central Asia in 2013 due to stronger external demand.

The World Bank’s GDP growth projections for 2013 for CIS countries are as follows: Turkmenistan – 10.1%, Uzbekistan – 7.4%, Tajikistan – 7%, Kazakhstan – 6%, Moldova – 5.5%, Azerbaijan – 4.9%, Belarus – 1%. According to the WB, Ukraine will record a 1.1% decline. Georgia’s GDP growth is 2.5%, according to the report.

ArmStat reports Armenia’s GDP amounted to 1,283.5 billion in the third quarter of 2013, an increase of 1.4% compared to the same period of the year before. Under the budget, GDP growth is 6.2% for 2013 and 5.2% for 2014. –0--

12:08 15.01.2014

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