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WB ESTIMATES ARMENIA'S ECONOMIC GROWTH AT 6.8%
tert.am
16.01.13
The World Bank has unveiled its Global Economic Prospects report,
estimating Armenia's economic growth at 6.8%.
The country has thus fallen short of the 7% target set by President
Serzh Sargsyan earlier this year. But the micro-economic index to
be published by the National Statistical Service may indicate higher
figures given that official reports commonly reflect indexes different
from those published by international organizations.
As for the coming years (2013, 2014, 2015), WB forecasts a 4.3%, 4.4%
and 4.4% economic growth, respectively.
According to the report, the consumer index in the state sector is
expected to drop, unlike the private sector which will see a rapid
growth.
The import and export are also expected to grow.
The per capita GDP will rise to $4,0102 in 2015 from the $3,283
in 2012.
The dollar exchange rate will be relatively stable, ranging from
AMD410/$1 to AMD 420/$1.
The authors of the report mote that four years after the global
financial crisis, the global economy remains fragile, with high-income
countries continuing to suffer from volatility and slow growth.
"Despite slow growth in high-income countries, prospects for the
developing world remain solid," reads the document. The WB experts
recommend that developing countries focus on productivity-enhancing
domestic policies to assure robust growth in the long term.
tert.am
16.01.13
The World Bank has unveiled its Global Economic Prospects report,
estimating Armenia's economic growth at 6.8%.
The country has thus fallen short of the 7% target set by President
Serzh Sargsyan earlier this year. But the micro-economic index to
be published by the National Statistical Service may indicate higher
figures given that official reports commonly reflect indexes different
from those published by international organizations.
As for the coming years (2013, 2014, 2015), WB forecasts a 4.3%, 4.4%
and 4.4% economic growth, respectively.
According to the report, the consumer index in the state sector is
expected to drop, unlike the private sector which will see a rapid
growth.
The import and export are also expected to grow.
The per capita GDP will rise to $4,0102 in 2015 from the $3,283
in 2012.
The dollar exchange rate will be relatively stable, ranging from
AMD410/$1 to AMD 420/$1.
The authors of the report mote that four years after the global
financial crisis, the global economy remains fragile, with high-income
countries continuing to suffer from volatility and slow growth.
"Despite slow growth in high-income countries, prospects for the
developing world remain solid," reads the document. The WB experts
recommend that developing countries focus on productivity-enhancing
domestic policies to assure robust growth in the long term.