WORLD BANK PREDICTS 4.3% GROWTH IN ARMENIA
The Messenger
Feb 21 2012
Georgia
The World Bank’s Yerevan office has predicted that the Armenian
economy will achieve 4.3% economic growth in 2012.
After the shock of 2008, Armenia’s foreign debt increased, although
recently the Armenian government has adopted procedures to monitor
and regulate the re-payment of loans. The country also had to lower
export prices to encourage economic growth.
One of the most important sources of income is remittances from the
sizeable Armenian Diaspora. Any economic difficulties in sending
countries therefore also influences Armenia’s national economy.
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