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Time in Yerevan: 11:07,   28 March 2024

EBRD forecasts 1-3% economic growth for Armenia

EBRD forecasts 1-3% economic growth for Armenia

YEREVAN, OCTOBER 14, ARMENPRESS. The European Bank for Reconstruction and Development (EBRD) forecasts economic growth of 1-3% for Armenia this year.

Head of EBRD Yerevan Resident Office Mark Davis said the aforementioned during the meeting with the journalists on October 15.

“Taking into consideration the complicated situation in the region, our preliminary predictions concerning Armenia’s economic growth were the lowest - 1.5%. We predicted 4% of GDP growth for Russia. We took into account that Russia’s complicated economic situation would also affect Armenia’s economy. We took into consideration the fact that transfers and investments in Armenia reduced. But there were pretty good incentives during the current year, which showed that the economy of Armenia is able to overcome those challenges.  We will publish the final forecast on Armenia’s economy at the end of this year. I cannot say how much it will be in the final result but according to our predictions Armenia’s economic growth will range within 1-3 %, ” “Armenpress” reports, Davis emphasized. 








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