Sun, 5 October
13.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

WB upgrades Armenia’s 2014 GDP January forecast to 4.5% from 4.2%

YEREVAN, June 13. /ARKA/. The World Bank reviewed Armenia’s GDP indicator upgrading it to 4.5% from 4.2% for 2014. However,  according to WB Global Economic Prospects report for June of 2012, Armenia’s GDP indicator is downgraded to 4.1% from 4.6% and 4.2% from 4.3% for 2012 and 2013 respectively.

According to the recent data of the National Statistical Service of Armenia, the volume of Armenia’s GDP in the first quarter of 2012  fetched over 657.5 billion drams, increasing by 4.7% from the same period a year earlier.
At the same time, the World Bank downgraded the economic growth forecast for countries with developing economy from 5.4% to 5.3% in 2012.

According to the World Bank, the highest economic growth in 2012 and 2013 among CIS countries  will be recorded in Uzbekistan- 8% and 6.5% respectively, and in 2014- Kazakhstan- 7.5%.
The lowest economic growth in 2012 will be in Ukraine- 2.5%, in 2013- Azerbaijan and Belarus- 3.5%, and in 2014- Moldova- 3.7%. —0–

spot_img

POPULAR

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img