Friday, August 7 2020 16:07
Alexandr Avanesov

EDB: Total GDP of the EAEU States by the end of 2020 will decrease by  2.2%

EDB: Total GDP of the EAEU States by the end of 2020 will decrease by  2.2%

ArmInfo.  Each month of  quarantine measures costs the countries of the Eurasian Economic  Union (EAEU) with a drop in GDP of 1.5 to 3%. This is stated in the  materials of the Eurasian Development Bank, finance.kz portal  reports.  According to the bank, GDP losses of the unification  countries from external factors in 2020 may be about 2%.

To note, according to the June forecasts of the World Bank, the  decline in Armenia's GDP in 2020 will amount to 2.8%. In terms of  Armenia's foreign trade, the WB in the previous forecast (May)  expected a decline in exports and imports for 2020 by 1.5% and 2.6%,  respectively. In its forecast, the IMF expects GDP decline by 1.5% in  Armenia for 2020. According to the forecasts of the RA Government for  2020, the GDP decline will be 2%. The Central Bank's forecast  foreshadows a slowdown in GDP growth in 2020 to a stagnant 0.7% (from  an actual 7.6% growth in 2019).

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10 billion

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