Armenia Economic Outlook
July 31, 2018Recent data indicates that the robust pace of growth in the first quarter likely cooled in the second quarter, but remained strong nonetheless. Economic activity accelerated in June and industrial production rebounded, after contracting in April and May. Healthy momentum should have carried over into Q3, supported by the region’s economic recovery, which should help boost export growth and lead to stronger remittance inflows; remittance inflows grew at a solid rate in the first quarter. In political news, the government has begun drafting the state budget for 2019, which is expected to focus on improving government finances.
Armenia Economic GrowthEconomic growth is expected to remain strong this year, although it is seen slowing from the stellar rate observed in 2017. However, political uncertainty ahead of the snap elections, expected to be held in 2019, could weigh on foreign investment. Met the why particular panelists project the economy will grow 4.7% in 2018, up 0.1 percentage points from last month’s forecast, and 4.4% in 2019.
Armenia Economy Data
5 years of Armenia economic forecasts for more than 30 economic indicators.
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