ArmInfo. The economic growth of Armenia in 2018 will make the previously predicted figure of 4.5% or more. "For today, the Ministry of Finance expects that GDP growth will exceed the expected level of 4.5%," Atom Janjugazyan, head of the department told ArmInfo.
According to Janjugazyan, the country's traditional financial authorities are laying a more conservative development scenario in the budget. However, despite the pessimistic forecasts due to the possibly negative influence of the "velvet revolution" in Armenia, it is already possible today to declare the excess of the planned bar. "Compared with the same period in 2017, the growth was 4 pp - from 5.7% to 9.7%." Thus, the indicator of economic activity for the first 4 months already gives rise to opticism, "he said.
According to the final data of the National Statistical Service of Armenia, economic activity in January- April 2018 increased by 9.7% per annum on the back of a 25.5% increase in exports and a 34.3% increase in imports. In April this year by April 2017, economic activity increased by 7.3%, but only in April 2018 decreased by 3.1%. A year earlier, in January-April 2017, by the same period of 2016, economic activity increased by 5.7%, in April compared with April 2016 - by 3.4%, and only in April - by 0.3%. By comparison, in 2016, economic activity in January-April increased by 6% per annum, only in April - by 4% (with an annual growth of 6.8%). The growth in economic activity in January-April 2018 caused the construction sector to a greater extent - by 21.8% per annum, the services sector - by 17.6% and the trade sector - by 10.3%, against which the growth of the industrial sector and the agricultural sector looked modest - 5.2% and 2.2% respectively. At the same time, the annual volume decline was observed in the energy complex - by 0.4%.
