ArmInfo. In its latest Global Economic Prospects report released on January 13, the World Bank (WB) forecasts a gradual slowdown in Armenia's GDP growth in 2026-2027 to 4.9-4.7% from an estimated 5.2% in 2025 (after a slowdown in 2024 from 8.3% to 5.9% - Ed.). At the same time, in the countries neighboring Armenia, according to the new WB forecast, GDP growth in 2026-2027 will be lower in Azerbaijan at 1.8-1.7% (compared to an estimated 1.9% in 2025), and higher in Georgia at 5.5-5% (compared to an estimated 7% in 2025).
In Iran a deepening decline in GDP is expected in 2026 at 1.5% (from an estimated minus 1.1% in 2025), followed by a weak 0.6% growth in 2027. In Turkey, according to the WB forecast, economic growth will accelerate in 2026 to 3.7% (from an estimated 3.5% in 2025), with a further increase in the rate to 4.4% in 2027. Overall, the World Bank forecasts economic growth in the Europe and Central Asia region to remain at 2.4% in 2026, with a moderate acceleration to 2.7% in 2027.
Recall, in its November forecast, the World Bank predicted similar expectations for Armenia's GDP growth: 5.2% in 2025, slowing to 4.9% in 2026 and 4.7% in 2027. It should be noted that the Central Bank of Armenia, in its December forecast, projected GDP growth of 6.3-4.1% in 2026 and then 4.9-5.3% in 2027. In 2025, according to the Central Bank's estimates, GDP growth will be 5.9% (similar to the actual 5.9% growth in 2024). In its December forecast, the IMF updated its expectations for Armenia's GDP growth in 2025 to 5%, accelerating to 5.5% in 2026. Armenia's draft state budget for 2025 projected GDP growth of 5.1%, while the 2026 state budget projects 5.4% economic growth. According to the Statistical Committee of the Republic of Armenia, Armenia's GDP growth, accelerated from 5.8% to 12.6% in 2022, but then began to slow down to 8.3% in 2023 and further to 5.9% in 2024, amounting to 10.2 trillion drams (approximately $26 billion) in absolute terms. The GDP deflator index alsoincreased from 106.9% to 108% in 2022, but then declined to 103.1% in 2023 and 101.4% in 2024.
