ArmInfo.According to the World Bank's forecast, the ratio of the current account deficit to GDP in Armenia in 2019 will reach 8.6% with a decrease in 2020 to 8%. For 2018, the WB estimate provides for this ratio at the level of 8.1%, against the actual 2.4% in 2017. This forecast is given in the WB economic report "Armenia. A powerful mandate for change in conditions of a slowdown in global economic growth. Winter 2019", published March 20.
The absolute size of the current account deficit, according to the WB, will amount to $ 1.130 billion in 2019 and $ 1.120 billion in 2020. According to the World Bank estimates, this figure is expected to reach $ 1.018 billion in 2018, compared to the actual $ 279.67 million in 2017 (with an annual growth of 17 ,four%).In the previous World Bank forecast, published in October 2018, the expectations for the current account deficit ratio to Armenia's GDP were more restrained: 3.8% in 2019 and 3.7% in 2020, against an estimate for 2018 of 3.8%.It should be noted that statistical data on the current account of Armenia for 2018, published quarterly two months after the end of the reporting period, will be made public at the end of March this year, but according to the results of the first three quarters, the figures are there. Thus, in January-September 2018, the current account deficit of Armenia was fixed at $ 730.58 million (with an annual increase several times), having amounted to 8.4% in relation to the GDP of this period.
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