Sat, 2 August
31.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

World Bank expects Armenia’s GDP to grow by 4.2% in 2012-2013

YEREVAN, February 17. /ARKA/. The World Bank expects Armenia’s GDP to grow by 4.2% in 2012-2013, World Bank Country Manager for Armenia, Jean-Michel Happi, said to a news conference today.

According to him, the forecast is based on several factors, first of all on World Bank’s projection of a 4%-4.5% inflation. Mr. Happi added, however that in light of the crisis in Europe, the economic outlook will be updated periodically.  According to him, the Armenian economy continues to remain vulnerable to external shocks because of its openness, and it can also affect the future prognosis.He said the forecasts may be affected also by possible decline in prices of major Armenian export commodities, slashing foreign investments, reducing remittances from abroad due to slowdown in Russia and Europe. The Armenian government projection of economic expansion for 2012 is 4.2%, inflation forecast is 4 ± 1.5%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img