WB: 4.3% economic growth expected in Armenia in 2019
09.01.2019,
14:49
The World Bank, in its January report “Global Economic Prospects: Darkening Skies”, predicts 5.3 percent GDP growth to Armenia for 2018 and 4.6 percent growth for 2019.
YEREVAN, January 9. /ARKA/. The World Bank, in its January report “Global Economic Prospects: Darkening Skies”, predicts 5.3 percent GDP growth to Armenia for 2018 and 4.6 percent growth for 2019.
According to the WB outlook, GDP will grow 4.6 percent in Armenia in 2020.
In the 2018 government budget, GDP growth was projected at 4.5% and in the 2019 government budget it is planned at 4.9%.
The World Bank also predicts 5% GDP growth to Georgia, 3.6% to Azerbaijan, 3.8% to Moldova, 3.5% to Kazakhstan, 3.4% to Kyrgyzstan, 2.7% to Belarus, 2.9% to Ukraine and 1.5% to Russia for 2019.
According to the report, the ongoing consequences of financial shocks in Turkey will have adverse impacts on the pace of economic growth in Europe and Central Asia – it will slow down to 2.3% in 2019.
In the western part of the region, excluding Turkey, economic growth will slow down. The eastern part of the region will face slowdown as well because of economic growth slowdown in Russia, Kazakhstan and Ukraine.
The World Bank has revised its global GDP growth outlook for 2019 0.1 percentage point downward.
In its semi-annual “Global Economic Prospects” report, the World Bank says global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook. --0---
According to the WB outlook, GDP will grow 4.6 percent in Armenia in 2020.
In the 2018 government budget, GDP growth was projected at 4.5% and in the 2019 government budget it is planned at 4.9%.
The World Bank also predicts 5% GDP growth to Georgia, 3.6% to Azerbaijan, 3.8% to Moldova, 3.5% to Kazakhstan, 3.4% to Kyrgyzstan, 2.7% to Belarus, 2.9% to Ukraine and 1.5% to Russia for 2019.
According to the report, the ongoing consequences of financial shocks in Turkey will have adverse impacts on the pace of economic growth in Europe and Central Asia – it will slow down to 2.3% in 2019.
In the western part of the region, excluding Turkey, economic growth will slow down. The eastern part of the region will face slowdown as well because of economic growth slowdown in Russia, Kazakhstan and Ukraine.
The World Bank has revised its global GDP growth outlook for 2019 0.1 percentage point downward.
In its semi-annual “Global Economic Prospects” report, the World Bank says global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook. --0---
