World Bank projects 4.1% growth for Armenia this year
06.06.2018,
16:09
In its latest "Global Economic Prospects: The Turning of the Tide?" report the World Bank predicts that Armenia’s GDP in 2018 will grow by 4.1%.
YEREVAN, June 6. /ARKA/. In its latest "Global Economic Prospects: The Turning of the Tide?"
report the World Bank predicts that Armenia’s GDP in 2018 will grow by 4.1%. The forecasts for the next two years is 4%.
According to the Armenian government, in 2017, the country’s economy grew by 7.5%, while the inflation was 1%. Its GDP projection for this year is 4.5%.
The World Bank also projects 4.5% growth for Georgia in 2018, 4.2% for Kyrgyzstan, 3.8% for Moldova, 3.7% for Kazakhstan, 3.5% for Ukraine, 2.9% for Belarus, 1.8% for Azerbaijan and 1.5% for Russia.
The World Bank report predicts that the world economy in 2018 will grow 3.1 percent and 3 percent in 2019. Both forecasts were unchanged from January, the last time the Washington-based bank updated its projections.
Growth will further slow in 2020 as the world economy approaches full output, trade and investment growth wanes, and financial conditions tighten, the World Bank said. Risks are tilted to the downside, and include the threat of a sudden contraction in global credit and a spike in protectionism. -0-
report the World Bank predicts that Armenia’s GDP in 2018 will grow by 4.1%. The forecasts for the next two years is 4%.
According to the Armenian government, in 2017, the country’s economy grew by 7.5%, while the inflation was 1%. Its GDP projection for this year is 4.5%.
The World Bank also projects 4.5% growth for Georgia in 2018, 4.2% for Kyrgyzstan, 3.8% for Moldova, 3.7% for Kazakhstan, 3.5% for Ukraine, 2.9% for Belarus, 1.8% for Azerbaijan and 1.5% for Russia.
The World Bank report predicts that the world economy in 2018 will grow 3.1 percent and 3 percent in 2019. Both forecasts were unchanged from January, the last time the Washington-based bank updated its projections.
Growth will further slow in 2020 as the world economy approaches full output, trade and investment growth wanes, and financial conditions tighten, the World Bank said. Risks are tilted to the downside, and include the threat of a sudden contraction in global credit and a spike in protectionism. -0-
