Armenia’s GDP Set to Soar by 7.5% in 2024, Predicts Central Bank, Amidst Strong Economic Recovery
Armenia’s GDP growth is projected to be 7.5% in 2024, driven by strong demand, stable currency, and increased exports. Inflation remains low, below 1.5%. Recovery in the jewelry industry, financial services, and robust foreign trade will contribute to sustainable economic growth. However, challenges lie in exchange rate fluctuations, inflation, and external debt. Measures will be taken to stabilize the Armenian dram’s exchange rate and monitor inflation.
Socio-economic growth slows in April for Armenia, predicts “Lus” Foundation analysis
The socio-economic growth in Armenia has slowed in April with a decline in GDP growth and service sector growth. Taxable income has also decreased, indicating a lack of adequate taxation. On the other hand, consumer loans have increased significantly, surpassing other macroeconomic indicators. Read the full analysis here.
“Armenia’s GDP Growth Forecast Raised by International Bank for 2024-2025, Inflation Concerns Loom”
The international bank predicts Armenia’s GDP growth to rise in 2024-2025 with a 5.5% and 4.9% projection, higher than previous forecasts. However, inflation may increase due to Russian gas and capital flows, while interest rates have decreased and salaries increased.
Cooperation in the EAEU Thrives Amidst International Crisis, Promising Economic Growth and Increased Trade
Cooperation in EAEU remains strong amidst challenging times, with positive economic growth in member countries. Industrial production and construction see significant increases. Read more on NEWS.am.
IMF Implements Projects to Boost Ukraine’s Economy, Expects Recession to End by 2024
IMF implements economic improvement projects in Ukraine, with GDP growth predicted at 5% next year. Recession expected to end by 2024, while public debt projected to rise.