The World Bank forecasts 6.1% economic growth in Armenia in 2021 (against 3.4% forecast in April).
A surprisingly strong rebound in the first half of this year boosted economic activity in emerging and developing countries in the Europe and Central Asia region, with the regional economy now projected to expand by a better-than-expected 5.5 percent in 2021, says the latest edition of the World Bank’s Economic Update for the region, released today.
The rebound in Armenia was supported by a robust pick-up in domestic demand, as well as strong export performance amid firming external demand for oil and metals, the report said.
The recovery in Armenia is projected to edge down to 4.8 percent.
The report notes that the recovery in the South Caucasus remains constrained, owing to heightened domestic political tensions and stability risks, as well as tighter monetary policy.
The US Armenians promotes businesses, advertising, collaborates, lists jobs, buys and sells products, and many more ideas. We would like to hear your thoughts and feedback, so please feel free to contact us through direct message, or via email at firstname.lastname@example.org
If you have any questions/concerns about our website/social media platforms, feel free to contact us via email and we will get back to you as soon as possible.
For business/collaboration inquires, feel free to email us, and please in the Subject enter “BUSINESS”.