Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms
The World Bank expects the Armenian economy to grow about 4 percent in 2017 with a modest but sustained recovery envisaged over the medium term. After stagnating in 2016, the economy showed renewed and greater-than-expected strength in the first ha...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/589681517210192411/Armenia-A-window-of-opportunity-to-tackle-challenging-reforms http://hdl.handle.net/10986/29268 |
| Summary: | The World Bank expects the Armenian
economy to grow about 4 percent in 2017 with a modest but
sustained recovery envisaged over the medium term. After
stagnating in 2016, the economy showed renewed and
greater-than-expected strength in the first half of 2017,
which has continued into the third quarter but at a
moderated pace. Higher gross domestic product (GDP), along
with improvements in tax administration, have contributed to
an improvement in tax collection, which has permitted some
loosening of the earlier compression of capital
expenditures. Having exceeded the fiscal rule’s lower
debt-to-GDP threshold (50 percent), the deficit has been
constrained to below 3 percent of GDP this year. This issue
of the Armenia country economic update includes a special
section on population, migration, and growth. It highlights
the extent to which net out migration has driven Armenia’s
population dynamics, how it may affect longer term growth,
and the types of policies that can stem the outflow of
Armenia’s best and brightest young people. |
|---|