{"id":149889,"date":"2023-07-31T08:02:57","date_gmt":"2023-07-31T08:02:57","guid":{"rendered":"https:\/\/armbanks.am\/2023\/07\/31\/251017\/"},"modified":"2024-12-15T13:51:56","modified_gmt":"2024-12-15T13:51:56","slug":"fitch-expects-armenian-economy-to-grow-by-7-2-in-2023","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/07\/31\/149889\/","title":{"rendered":"Fitch expects Armenian economy to grow by 7.2% in 2023"},"content":{"rendered":"\n<p><strong>YEREVAN, July 31. \/ARKA\/. <\/strong>Armenia has had a strong rebound from successive shocks in recent years since its downgrade in 2020, Fitch\u00a0Ratings said as it has upgraded Armenia&#8217;s Long-Term Foreign-Currency Issuer Default Rating (IDR) to &#8216;BB-&#8216; from &#8216;B+&#8217;. The Outlook is Stable. \u00a0<\/p>\n\n\n\n<p>Fitch said also it expects this dynamism to continue in light of an extraordinary inflow of migrants.<\/p>\n\n\n\n<p>Since the start of the Ukraine conflict in 2022, an estimated 50,000-65,000 immigrants (equivalent to 2.2% of Armenia&#8217;s pre-conflict population) from Russia, Ukraine and Belarus have settled in the country.<\/p>\n\n\n\n<p>This supported strong growth of 12.6% in 2022, and Fitch expects the economy to grow by 7.2% in 2023, 5.9% in 2024 and 4.5% in 2025.<\/p>\n\n\n\n<p>Fitch&nbsp;also&nbsp;considers geopolitical risks from Azerbaijan to have increased since the start of the year. As of July, a seven-month long Azerbaijani blockade of the Lachin Corridor in the disputed Nagorno-Karabakh region is ongoing, and there have been multiple deadly military clashes on the border. Peace talks between the two countries continue, but in our view, are unlikely to yield a lasting peace agreement in the absence of territorial adjustments that may be politically difficult for Armenia to accept.<\/p>\n\n\n\n<p>Fitch believes that in the event of a military conflict with Azerbaijan over Nagorno-Karabakh, fighting will largely be limited to the disputed region, and broader macroeconomic implications for Armenia will be limited. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia has had a strong rebound from successive shocks in recent years since its downgrade in 2020, Fitch\u00a0Ratings said as it has upgraded Armenia&#8217;s Long-Term Foreign-Currency Issuer Default Rating (IDR) to &#8216;BB-&#8216; from &#8216;B+&#8217;. The Outlook is Stable<\/p>\n","protected":false},"author":1,"featured_media":184195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-149889","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/149889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=149889"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/149889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/184195"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=149889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=149889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=149889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}