Minister: Armenia’s GDP grew by at least 7.5% in 2019January 14, 2020 - 17:33 AMT PanARMENIAN.Net - Armenia’s GDP expanded by at least 7.5% in 2019, Minister of Economy Tigran Khachatryan said on Tuesday, January 14. The Minister believes that 2020 has started well, based on the positive results from the previous year. Khachatryan said the industry, services, trade, construction, exports have all grown in the 11 months of 2019. The indicators of Gross Domestic Product haven’t been summarized, yet the Minister expects at least 7.5% growth in the country’s economy. Armenia’s GDP growth stood at 5.8% in 2018. The January 2020 edition of the World Bank’s Global Economic Prospects (GEP) report is out now to predict a 5.1% GDP growth for Armenia in 2020, and 5.2% in 2021 and 2022. The Azerbaijani and Georgian economies, meanwhile, are forecasted to expand by 2.3% and 4.3%, respectively. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |