Armenia's economic growth 'to drop to record low' despite promised 'skyrocketing progress' | Eurasia Diary - ednews.net

15 November, Friday


Armenia's economic growth 'to drop to record low' despite promised 'skyrocketing progress'

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The ″skyrocketing economic growth″ promised by Prime Minister Nikol Pashinyan's government will never practically came true, with the estimated dynamics falling short to meet the assigned targets, the paper says, citing the Draft State Budget for 2020.

The economic growth indexes underlying the chief fiscal document appear to be essentially lower compared to last year's expectations.

The paper notes that the 5.2% economic growth in 2018 was considerably lower from the record 7.5% in 2017 (the year preceding the government transition processes). Citing the available forecasts, the paper says that the Gross Domestic Product is expected to increase by 6.3% in 2019.

The estimates, if true, will slow down the paces of growth, reducing it to a level which will be the lowest over the past four years, says the paper.

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