Armenia posts highest GDP growth across Eurasian Economic Union
08.09.2016,
14:55
Armenia showed the highest economic growth across the Eurasian Economic Union (EEU), comprising also Russia, Kazakhstan, Belarus and Kyrgyzstan, in the first six months of 2016, the Eurasian Economic Commission (EEC), the governing body of the EEU, said today.
YEREVAN, September 8. /ARKA/. Armenia showed the highest economic growth across the Eurasian Economic Union (EEU), comprising also Russia, Kazakhstan, Belarus and Kyrgyzstan, in the first six months of 2016, the Eurasian Economic Commission (EEC), the governing body of the EEU, said today.
Armenia's GDP grew by 2.8% to about $4.2 billion.
According to the National Statistical Service of Armenia, economic growth in the first quarter of 2016 was 4.5%, which slowed to 1.5% in the second quarter. The government’s projection of GDP growth for 2016 is 2.2%.
According to EEC, Kazakhstan’s GDP in the first half of this year grew by 0.1%, wile Russia, Belarus and Kyrgyzstan recorded a decline of 0.9%, 2.5%, 2.3% respectively. In general, the overall GDP of the EEU for January-June 2016 fell by 0.8% year-on-year.
Earlier, the Eurasian Development Bank projected a 2.6% GDP growth for Armenia, a 0.2% growth for Kazakhstan and a 1.5% economic expansion for Kyrgyzstan. It also projected a 1% and 1.95 decline for Russia and Belarus respectively. -0-
Armenia's GDP grew by 2.8% to about $4.2 billion.
According to the National Statistical Service of Armenia, economic growth in the first quarter of 2016 was 4.5%, which slowed to 1.5% in the second quarter. The government’s projection of GDP growth for 2016 is 2.2%.
According to EEC, Kazakhstan’s GDP in the first half of this year grew by 0.1%, wile Russia, Belarus and Kyrgyzstan recorded a decline of 0.9%, 2.5%, 2.3% respectively. In general, the overall GDP of the EEU for January-June 2016 fell by 0.8% year-on-year.
Earlier, the Eurasian Development Bank projected a 2.6% GDP growth for Armenia, a 0.2% growth for Kazakhstan and a 1.5% economic expansion for Kyrgyzstan. It also projected a 1% and 1.95 decline for Russia and Belarus respectively. -0-
