The Eurasian Development Bank maintained a forecast of 5.2% for RA economic growth in 2017

The Eurasian Development Bank (EDB) maintained a forecast of 5.2% for the economic growth of Armenia in 2017. Panarmenian.net writes about this.

According to the Bank’s quarterly macroeconomic report published in November, in the current year Armenia occupies the second place in the EAEU territory in terms of economic growth, after Tajikistan.

According to EDB forecasts, economic growth of 7.2% will be recorded in this country in 2017. 1.8% economic growth is predicted in Belarus, 3.7% in Kazakhstan, 4% in Kyrgyzstan, and 1.7% in Russia.

Economic growth in Armenia in 2018 will be 2.7%. In 2019, economic growth will be higher – 4.1%, and in 2020 – 4%. At the beginning of the year, the EDB predicted 2.9% of Armenia’s economic growth, and 3.9% for 2018.

In January-September 2016, RA lost its leading position among EEU countries in terms of GDP growth rate according to the results of the first half of the year. The reason was the 2.6 percent drop in GDP in the 3rd quarter compared to the same period last year. In general, according to the results of 2016, the economic decline in EDB member countries slowed down from 3.1% to 0.5% compared to 2015.