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March 29
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The UN forecasts a 5.8 percent GDP growth in Armenia in 2017, says the World Economic Situation and Prospects 2018 report published by UN.

According to the report, the GDP growth is expected at 3.8 percent next year, and at 3.6 in 2019.

“In Armenia, the economy has bounced back strongly, amid rapid industrial growth and higher copper prices,” the report says.

It is also mentioned that the recovery of remittances from the Russian Federation is contributing to the acceleration of economic activity in Central Asia and the Caucasus.

Overall, in 2017 global economic growth reached three percent and two-thirds of the world’s countries have experienced stronger growth in 2017 than in the previous year. The UN says movement is expected to remain steady at three per cent in 2018 and 2019.

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