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...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/589681517210192411/Armenia-A-window-of-opportunity-to-tackle-challenging-reforms http://hdl.handle.net/10986/29268 |
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okr-10986-292682021-05-25T09:52:27Z Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms World Bank Group FISCAL POLICY DEBT LABOR MARKET MONETARY POLICY STRUCTURAL REFORM ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS MIGRATION EMIGRATION 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. 2018-01-30T20:05:20Z 2018-01-30T20:05:20Z 2017-12 Report http://documents.worldbank.org/curated/en/589681517210192411/Armenia-A-window-of-opportunity-to-tackle-challenging-reforms http://hdl.handle.net/10986/29268 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Europe and Central Asia Armenia |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FISCAL POLICY DEBT LABOR MARKET MONETARY POLICY STRUCTURAL REFORM ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS MIGRATION EMIGRATION |
| spellingShingle |
FISCAL POLICY DEBT LABOR MARKET MONETARY POLICY STRUCTURAL REFORM ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS MIGRATION EMIGRATION World Bank Group Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms |
| geographic_facet |
Europe and Central Asia Armenia |
| description |
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. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms |
| title_short |
Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms |
| title_full |
Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms |
| title_fullStr |
Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms |
| title_full_unstemmed |
Armenia Country Economic Update, Fall/Winter 2017-18 : A Window of Opportunity to Tackle Challenging Reforms |
| title_sort |
armenia country economic update, fall/winter 2017-18 : a window of opportunity to tackle challenging reforms |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/589681517210192411/Armenia-A-window-of-opportunity-to-tackle-challenging-reforms http://hdl.handle.net/10986/29268 |
| _version_ |
1764468915996459008 |