OON forecast: Armenian economy in 2017 will register 2.5% growth with 3% acceleration in 2018

ArmInfo. Armenian economic growth in  2017 will register 2.5% growth with 3% acceleration in 2018, OON  Economic and Social Research in Asia and the Pacific 2017 report  reads on GDP Armenia growth.  

According to OON experts, expected economic growth in Russia will  allow to promote money flows affluence to Armenia, which has 13% deal  in GDP.   

OON report reads that the extension of family benefits program will  be beneficial in consumer spending, especially household with low  profit. Besides, economic activeness will promote the construction of  railway roads from Iran to Russia through Armenia and Georgia.  

At the same time, OON notes that fiscal support in Armenia in years  to come will be less strong, as state dept relation increase to GDP  entrance in 50% demands budget policy toughening. 

Besides, OON forecasts that at consumer's market, after disinflation  in 2016, will come price growth in 2017 for 1.5%, and in 2018 for 3%. 

To note, the World Bank forecasts Armenian GDP growth at 2.7% for   2017, the IMF - at 3.4%, the Eurasian Development Bank - at 2.9%,   Fitch - at 2.1%, and the Armenian state budget mentions 3.2% GDP   growth for 2017. According to the forecast made by the CBA in   February, GDP growth in Armenia is expected to be 2.2-3.2% in 2017.

To note, guided by the Government's decision dated 25 Jan 2011, the   National Statistics Service of Armenia publishes the economic   activity (in percentage) on a monthly basis.  As regards the  quarterly  and annual absolute value of GDP, the Service published it  60- 90 days  after the period under review.