Armenia’s GDP growth will stand at 4.3% in 2019 and will increase to 4.6%, the World Bank experts said in “Global Economic Prospects: Darkening Skies” report.
“A slowdown or reversal of ongoing structural reforms remains a risk in many countries in the region, especially in Armenia, Azerbaijan, Belarus, Ukraine, and Turkey. Tension concerning Syria or Ukraine could trigger new sanctions. Policy disagreements between the European Union and some Central European countries could deter international investors and reduce fiscal transfers.
An escalation of trade restrictions between the United States and the Euro Area could have a negative impact on western ECA countries, as the Euro Area is the largest trading partner for all countries in the sub-region,” the report says.