Armenia’s Minister of Finance Vardan Aramyan told reporters today that the country’s GDP will grow by 4.3% in 2017.

This is an improvement on the 3.2% increase in GDP earliuer predicted by the ministry.

It still lags behind the 5.5% growth in the country’s Economic Activity Indicator for the first eight months of this year when compared to 2016.

In Armenia, the Economic Activity Index, not to be confused with GDP is a composite indicator that estimates the activity of the different economic sectors in a given month.

The rate of economic activity dropped off a bit in August due to the weakening of the agricultural and construction sectors