YEREVAN, April 13, \/ARKA\/. In its flagship annual economic publication, Asian Development Outlook 2012 the Asian Development Bank (ADB) forecasts a 3.8% gross domestic product (GDP) growth for Armenia in 2012 which may accelerate to 4.2% in 2013. According to the report, GDP growth in Armenia in 2012-2013 will be constrained by the weakening European economies and a possible negative impact of this process on Russia, which is the main source of money remittances to Armenia.<\/p>\n
The report forecasts a 6.1% GDP growth for the region in 2012, which may grow to 6.2% in 2013. At the same time, according to the report, Armenia\u2019s inflation in 2012 will slow to 4.1%, and rise to 4.5% in 2013.<\/p>\n
The ADB believes also that a drop in demand for raw commodities at international markets and a subsequent fall in prices may negatively affect Armenian exports. According to the report, the current account deficit in 2012 will amount to 11.2% of GDP, while in 2013 this figure is projected at 10% of GDP. The Armenian government has projected a 4% (\u00b1 .5%) inflation for this year and a 4.2% GDP growth.<\/p>\n
The Asian Development Bank was established in 1966, its members are 67 countries. The Republic of Armenia joined it in 2005. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"
In its flagship annual economic publication, Asian Development Outlook 2012 the Asian Development Bank (ADB) forecasts a 3.8% gross domestic product (GDP) growth for Armenia in 2012 which may accelerate to 4.2% in 2013.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12159,9216,12139],"tags":[12293,15837,13169,15726],"class_list":{"0":"post-35893","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-exchange-market","7":"category-news","8":"category-economy-en","9":"tag-adb","10":"tag-armenia-2","11":"tag-gtp","12":"tag-15726"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/35893","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=35893"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/35893\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=35893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=35893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=35893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}