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Armenia’s economy grew 6.4% in 2017 - double the initial forecast

Armenia’s economy grew 6.4% in 2017 - double the initial forecast

18:59 AMT  14:59 GMT
Armenia’s economy expanded by 6.4% in 2017, the Central Bank revealed on Tuesday, January 16. The growth is double the progress forecasted by the government in the 2017 budget. The Armenian economy grew just 0.2% in 2016. The government first expected to register a 3.2% growth in 2017 but revised its forecast later in the year. According to the World Bank, the country was set to post a 3.7% expansion in 2017, a further 3.8% in 2018 and a 4% growth in both 2019 and 2020.
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