ArmInfo.Director of the ACSES (Armenian Center for Socio- Economic Studies) Analytical Center Haykaz Fanyan, based on the statistics for 9 months of this year, doubts the ability of the Armenian economy to break its historical high.
<According to data for January-September 2022, GDP growth was 12.6%, most likely, the historical high will not be recorded and economic growth for 2022 will be in the range of 13.1-13.7%>, the economist wrote on his page on the social network Facebook
It should be noted that Armenia recorded the highest GDP growth in 2005 - at the level of 13.9%. According to the state budget approved for this year, GDP growth is planned to be 7%, but already in the 2023 state budget project, the economic growth in Armenia in 2022 is planned to be around 11%. At the same time, the head of the Ministry of Finance, Tigran Khachatryan, in the Parliament of Finance, during the presentation of the document, said that growth is likely to be revised upwards, based on statistical data for January-September 2022. Prime Minister Nikol Pashinyan himself announced the prospect of closing the current financial year with a 14% GDP growth.
According to the Central Bank of the country, the growth will be 12.9%. According to the October forecast of the World Bank, GDP growth in Armenia will be 7% in 2022, and according to the IMF forecast of this year, Armenia will close with an indicator of 11%.
