Seda Hergnyan

World Bank Less Optimistic About GDP Growth in Armenia

When it comes to predicating GDP growth in Armenia for 2018, analysts at the World Bank are a bit less optimistic than government economists in Yerevan.

The World Bank predicts 3.8% GDP growth for Armenia this year, while government analysts peg growth at 4.5%.

This is a full percentage point over the 2.7% GDP growth rate the World Bank estimated for Armenia in 2017.

Officials in Yerevan have claimed higher growth rates for 2017.

Armenia’s National Statistical Service claims that from January-November 2017, the country’s Economic Activity Index rose 7.3% when compared to the same period in 2016.

During a conversation with reporters last September, Armenian Minister of Finance Vardan Aramyan said the country would experience 4.3% growth for 2017.