The UN improved the GDP growth forecast for Armenia in 2017 to 5.8% from the previous 2.7%

ArmInfo. The UN improved  the forecast for GDP growth in Armenia for 2017 from the previously  forecasted 2.7% to 5.8%. This is stated in the report of the  Department of Economic and Social Affairs of the United Nations "The  Economic Situation in the World and Its Prospects, 2018".

According to the UN report, Armenia's GDP growth in 2018 will be  3.8%, in 2019 - 3.6%. The report also says that inflation in the  country in 2017 will be 2.1%, in 2018 will accelerate to 2.9%, in  2019 - up to 3.3%.

The state budget of Armenia for 2017 provides for GDP growth of 3.2%,  inflation at 2.4%. In December, the Armenian parliament adopted the  state budget of the republic for 2018, which provides for GDP growth  of 4.5%. Forecasts of economic growth for 2018 are largely due to the  outlined positive dynamics in 2017, as a result of which the Ministry  of Finance raised forecasts for economic growth for 2017 from the  target of 3.2% to 4.3%.

In 2016, Armenia's GDP growth slowed to 0.2% from 3.2% in 2015, with  a GDP growth rate of 2.2% in 2016, laid down in the state budget.

According to the IMF forecast, Armenia's GDP growth in 2017 will be  4% (against forecasted in October of 3.5%), according to the World  Bank forecast - 2.7%, with the acceleration of rates in 2018 to 3.1%,  in 2019 - to 3 ,4%. According to the forecast of the EDB in 2017, the  GDP of Armenia is expected to grow by 2.9%, the Asian Development  Bank - by 2.2%. Fitch improved the forecast for GDP growth in Armenia  in 2017 from the previous 2.1% to the current 3.4% with an  acceleration to 3.6% in 2018. The state budget of Armenia for 2017  laid the GDP growth by 3.2%, with acceleration in 2018 to 4.5%.  According to the updated forecast of the Central Bank, Armenia's GDP  growth in 2017 will be 4.4-4.9%. According to the National  Statistical Service of Armenia, Armenia's GDP growth slowed to 0.2%  in 2016 from 3.2% in 2015. In January-October of 2017, economic  activity in Armenia increased by 7% (drivers - services, trade,  industrial sector), against almost stagnating 0.4% in the same period  in 2016.