Wed, 30 April
9.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img