World Bank forecasts 3.5% economic growth for Armenia this year
The World Bank forecasts 3.5% economic growth for Armenia in 2022 in its new report Global Economic Prospects released on Tuesday.
Economic growth in Europe and Central Asia (ECA) is expected to decline by around 3% in 2022 because of the war in Ukraine and its consequences.
The report also forecasts that the economic growth in Armenia will be 4.6% in 2023 and 4.9% in 2024.
Global growth is expected to slump from 5.7 percent in 2021 to 2.9 percent in 2022— significantly lower than 4.1 percent that was anticipated in January. It is expected to hover around that pace over 2023-24, as the war in Ukraine disrupts activity, investment, and trade in the near term, pent-up demand fades, and fiscal and monetary policy accommodation is withdrawn.
As a result of the damage from the pandemic and the war, the level of per capita income in developing economies this year will be nearly 5 percent below its pre-pandemic trend, the report said.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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