ArmInfo. The World Bank (WB) forecasts for 2019 an increase in the ratio of net foreign direct investment (FDI) to GDP of Armenia from 2% to 2.3%. This was  announced on October 21 by economist Inga Galayan during a press  conference, referring to the October report of the World Migration  and Brain Drain; World Bank Europe and Central Asia Economic Update.

ArmInfo.The optimistic forecasts of the international structures - the World Bank (WB) and the International Monetary Fund (IMF) regarding the growth of GDP in  Armenia are largely due to the country's domestic policy in the  economic sector. This opinion was expressed by economist Inga Galayan  during a press conference on October 21.

ArmInfo. The decrease in demand in foreign markets is more noticeable for the economies of countries with commodity dependence, while countries whose priority  is the service sector will be more resistant to external shocks.

ArmInfo. In Washington, at the annual meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) head of the Central Bank of Armenia Artur Javadyan and IMF regional director for the  Middle East and Central Asia Jihad Azour agreed to hold a joint  scientific conference at the Dilijan Research and Development Center  in 2020.

ArmInfo.Governer  of the Central Bank of Armenia Artur Javadyan departed for Washington D.C. to take part in the 2019 annual meeting of the Boards of Governors of  the World Bank Group (WBG) and the International Monetary Fund (IMF).

ArmInfo.The shadow share of the Armenian economy falls mainly on small and medium enterprises; in large business it is more difficult to hide the "shadow". This was stated by Chairman of the State Revenue Committee (SRC) David Ananyan on October 16 at a press conference.

ArmInfo. In Armenia, the ratio of  taxes to GDP is 4 fold higher than the best recommendations of the  International Monetary Fund (IMF). This was stated by the Prime  Minister of Armenia Nikol Pashinyan on October 9 on the sidelines of  the scientific and practical symposium titled "What to do-2 Economic  Revolution: Perception and Launch".

ArmInfo.The World Bank improved its forecast for GDP growth in Armenia for 2019 - 5.5% with a slowdown in 2020 to 5.1%, and by 2021 the expected growth rate was  maintained - 5.2%. Earlier, in the June forecast, the World Bank's  expectations for Armenia's GDP growth for 2019 and 2020 were lower -  4.2% and 4.9%, respectively. An updated forecast was published in the  World Bank's October report-economic review  "Migration and Brain  Drain. World Bank Europe and Central Asia Economic Update".

ArmInfo.The gross international reserves of Armenia (VMR) by September 2019 reached $ 2.298 billion, of which $ 2.296 billion are external assets in hard  currency, and $ 2 million is the share of SDR in the IMF. According  to the Central Bank of Armenia, on an annualized basis, BMR increased  by 11% due to an almost similar increase in foreign assets in foreign  currency - by 11.1%, while the share of SDR in the IMF fell by 32.7%.

ArmInfo. The Minister of  Economy of the Republic of Armenia Tigran Khachatryan met with the  IMF delegation headed by Deputy Director at the Department of Middle  East and Central Asia Athanasios Arvanitis, during which the parties  discussed the process of development of structural reforms in the  country. This was reported by the press service of the Ministry of  Economy.

ArmInfo. The Central Bank of  Armenia once again improved its forecast for GDP growth for 2019 to  6.7-7.2% (6.9% in average)  from the previous 5.9-7.4% (average  6.6%), and for 2020, GDP growth is expected in the range of 4.2-5.9%  (5% in average) compared to the previous 4.5-5.0% (average 4.7%).  This is set out in the Central Bank's monetary policy program for the  Q3 of 2019, published at the end of September.

ArmInfo. There is no  economic development and human capital development in Armenia, we are  dealing with the recovery growth of the economy, economist, head of  the Alternative Research Center, Doctor of Economics, Professor Tatul  Manaseryan expressed this opinion answering a question from ArmInfo  correspondent on September 23 .

ArmInfo.

ArmInfo.Analysts at Moody's expect a fairly high growth in real GDP in Armenia in the medium term - in the range of 5.5-6% over the next few years. Moody's provides  this forecast in the report on the credit rating of Armenia,  published on August 27 this year.  

ArmInfo. Jihad Azour, Director of the Middle East and Central Asia (MCD) Department at the International Monetary Fund (IMF), has recently visited Armenia. He is a well-known Lebanese economist and politician, who served as Lebanon’s Minister of Finance under Fouad Saniora’s government from 2005 to 2008, and author of a number of critical reforms in Lebanon's public administration and taxation system.

ArmInfo.Armenia's GDP grew by 20.6% in the 2nd quarter of 2019, and by 6.5% year-on-year, against the 7.2% y-o-y growth in the same period of 2018. According to the  Statistical Committee of the Republic of Armenia, in the first half  of 2019, GDP amounted to 2.7 trillion drams or $ 5.6 billion (against  2.5 trillion drams or $ 5.1 billion a year earlier). Of this amount,  56% or 1.5 trillion drams ($ 3.1 billion) were ensured in the II  quarter of 2019. The GDP deflator index in the second quarter of 2019  amounted to 102.3%, against 104.4% in the second quarter of 2018.

ArmInfo. On August 20, Armenian Deputy Prime Minister Mher Grigoryan received Mr. Jihad Azour , Director of the Middle East and Central Asia Department at the  International Monetary Fund (IMF). The meeting was also attended by  the Minister of Finance of Armenia Atom Janjukhazyan, Deputy Chairman  of the Central Bank Nerses Yeritsyan and  Yulia Ustyugova, IMF  Resident Representative in Armenia. 

ArmInfo. Chairman of the Central Bank of Armenia Artur Javadyan met with a delegation of the International Monetary Fund (IMF), led by IMF Director for the Middle East and Central Asia Department Jihad Azour. According to the CBA  official statement, during the meeting A. Javadyan noted that the  cooperation between the IMF and the RA has always been effective and  important.

ArmInfo.RAEX-Europe rating agency forecasts Armenia's economic output to remain robust at around 4,6% in 2019 according to the report on Armenia's rating received by ArmInfo. 

ArmInfo.According to Eurostat, Armenia is Europe's leader in GDP growth in the Q1 of 2019 by 7.1% per annum. Eurostat's report includes 41 countries.