{"id":83459,"date":"2015-01-14T13:36:55","date_gmt":"2015-01-14T13:36:55","guid":{"rendered":"https:\/\/armbanks.am\/2015\/01\/14\/242196\/"},"modified":"2024-12-15T13:15:47","modified_gmt":"2024-12-15T13:15:47","slug":"wb-downgrades-2015-armenia-economy-growth-forecast","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/01\/14\/83459\/","title":{"rendered":"WB downgrades 2015 Armenia economy growth forecast"},"content":{"rendered":"

YEREVAN, January 14. \/ARKA\/.<\/strong> The World Bank is currently projecting a 3.3% economic growth for Armenia for 2015 as compared to 5% before, according to WB\u2019s Global Economic Prospects report released this January.<\/p>\n

The report says Armenia\u2019s GDP growth is expected to reach 3.7% in 2016 and 4.1% in 2017. The 2014 economic growth is 2.6% in Armenia for 2014, according to the report.<\/p>\n

According to the projections, Armenia\u2019s current account balance deficit will be minus 9.2% in relation to GDP in 2014, as compared to minus 8% in 2013. This indicator is projected at minus 7.2% for 2015, minus 7% for 2016 and minus 6.7% for 2017.<\/p>\n

The report suggests the 2015 GDP growth will be 10% in Turkmenistan, 7.4% in Uzbekistan, 2% in Kyrgyzstan, 4.2% in Tajikistan, 4.4% in Azerbaijan, 1.8% in Kazakhstan, 3% in Moldova and 1.8% in Belarus. Russia and Ukraine are expected to see declines of 2.9% and 2.3% respectively. The 2015 GDP growth projection for Georgia is 5%.<\/p>\n

The authors say economic growth rates dropped sharply in CIS counties in 2014, down to 1.5%, mainly due to drastic reduction in Ukraine\u2019s production output. The decline in the Russian economy had a negative impact on trade and remittances. Sharp reduction in remittances has had major impact on Tajikistan and Kyrgyzstan in particular, as transfers from Russia account for 46% and 29% of GDP there respectively.<\/p>\n

Sharp or stable reduction in prices for raw commodities or remittances from Russia is a major risk factor for CIS countries, according to the report.<\/p>\n

The authors expect a 2.6% growth in global economy 2014, 3% in 2015, 3.3% in 2016 and 3.2% in 2017. \u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank is currently projecting a 3.3% economic growth for Armenia for 2015 as compared to 5% before, according to WB\u2019s Global Economic Prospects report released this January<\/p>\n","protected":false},"author":1,"featured_media":161249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12172,12318],"class_list":["post-83459","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-economy-en","tag-wb"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t