Armenia: World Bank forecasts 3.7% GDP growth in 2017October 19, 2017 - 17:26 AMT PanARMENIAN.Net - The World Bank has in a fresh report forecast a 3.7% GDP growth for Armenia in 2017, 3.8% in 2018 and 4.0% in 2019. Under these circumstances, the poverty rate would decline further to 11.0% in 2019. In the current year, inflation is set to stand at 1.0% Growth and poverty reduction prospects over the medium term remain positive in the country but subject to significant uncertainty, as risks on external and domestic political fronts remain high. Azerbaijan’s economy, on the other hand, is projected to contract by 1.4% in 2017, despite the increase in oil prices. Armenia's economy is set to grow by 4.3% this year, more than an earlier estimate of 3.2%, the country's finance minister Vardan Aramyan said earlier. 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 | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |