Mon, 6 October
9.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

YEREVAN, April 9. /ARKA/. The Asian Development Bank has lowered Armenia’s economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

Earlier, the ADB forecast economic growth of 6% in 2025.

“In 2025, the drivers of economic growth will be internal, not external factors. We expect that the main driver of economic growth will be the services sector, in the context of which growth is projected to reach 6%,” Lambert said at the presentation of the ADB review in Yerevan on Wednesday.

Answering a question from the ARKA news agency regarding the forecast for 2026, Lambert announced the figure of 4.7%.

Armenian Economic Figures and Forecasts

Armenia’s economic growth is projected at 5.1% in the state budget for 2025. According to the Central Bank’s Monetary Policy Report for the first quarter of 2025, Armenia’s GDP growth is expected to be between 7-4.8% in 2025, 4.7-4.1% in 2026, and 4.7-6.1% in 2027.

The World Bank expects Armenia’s economy to grow by 5% in 2025, the IMF by 4.9%, and the EBRD by 4.8%.-0-

spot_img

POPULAR

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 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.

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