ArmInfo.According to the forecast of the Asian Development Bank (ADB), inflation in Armenia in 2020 will be 2.8% (versus 1.4% in 2019), and in 2021 - 2.2%. This  forecast was published on April 3 in the ADB economic report, Asian  Development Outlook 2020.

ArmInfo.Amid the impact of COVID-19 and lower consumption, economic growth in Armenia will slow down to 2.2% in 2020, analysts at the Asian Development Bank (ADB) say.

ArmInfo. The United Nations Conference on Trade and Development (UNCTAD) is ready to update the report with an analysis of the investment policy of the Republic of  Armenia in the context of global challenges and opportunities.  Director of Investment and Enterprise at the United Nations  Conference on Trade and Development (UNCTAD) James Zhan stated this,  during a video conversation with the President of Armenia Armen  Sarkissian, noting that he would start this process as soon as  possible.

ArmInfo. According to the forecast of the Central Bank of Armenia for 2020, the ratio of the state budget deficit to GDP will be 3% (against the actual 1% in 2019 with  a y-o-y decline of 0.9 percentage points), and if the announced  volume of the anti-crisis assistance package does not change and will  be fully implemented during the current year, this ratio can reach  5.3%.

ArmInfo. In 2019, the NPL level in the total loan portfolio of Armenian banks decreased from 9.5% to 8%, and in assets from 6.2% to 5.1%. At the same time, the volume of  overdue loans for the reporting year remained almost unchanged, while  the amount of healthy (standard) loans began to grow more slowly. In  their structure, over 62% are non-performing and doubtful loans  groups, and the dominant of the latter does not decrease.

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ArmInfo. At a meeting on February 27, the Armenian government approved a report on the implementation of the government program in 2019. The document in the  prescribed manner until March 1 will be submitted to the country's  parliament.

ArmInfo. The introduction of Basel III capital adequacy buffers will further strengthen the stability of the banking system of Armenia and increase the ability  to withstand any shocks in various economic situations. This opinion  was expressed by Chairman of the Union of Banks of Armenia (UBA),  Chairman of the IDBank Board, Mher Abrahamyan, answering ArmInfo's  question regarding the additional requirements for bank capital  adequacy introduced by the Central Bank (the matter concerns three  buffers to the standard - ed. note).

ArmInfo. International Ranking Fitch Ratings affirms long-term ratings for Armenia issuer default rate (IDR) in foreign currency at the level of with the  forecast "Stable". This is noted in the Fitch Ratings report "Slowing  Rating Dynamics in the CIS and Black Sea Region" (CIS and Black Sea  Region Rating Cycle Slowing), published on February 12 this year.

ArmInfo.The Minister of Economy of the Republic of Armenia Tigran Khachatryan on the eve received the leading experts of the World Bank, headed by the member  of the Doing Business group Alejandro Espinosa - Van.

ArmInfo.. Moody's Investors Service, ("Moody's") has assigned a Ba2 corporate family rating (CFR) and a Ba2-PD probability of default rating to the Electric Networks of Armenia (ENA). The outlook on the ratings is stable.  Assigning such a rating  is unprecedented, since it one-notch exceeds the level of the  sovereign rating of Armenia (Ba3).

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ArmInfo. In 2020, Armenia will become a regional leader in terms of GDP per capita. This is stated in the next report of the International Monetary Fund,  published the day before.

ArmInfo. The World Bank again improved its forecast for GDP growth in Armenia for 2019 - expecting 6.9%, against the previous 5.5%.

ArmInfo. An awareness-raising meeting on the Turin process kicked off in Yerevan on November 27, in the framework of which the main conclusions and recommendations of  the corresponding National Report were presented.

ArmInfo.Deputy Economy Ministers of Armenia Arman Hovnanyan and Avag Avanesyan participated in the official presentation of the report on investment policy of  Armenia at the UN Conference on Trade and Development in Geneva.

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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. Armenia ranked 69th out of 141 countries in the Global Competitiveness Index of the World Economic Forum for 2018-2019. Over the year, compared with the index for 2017-2018, the country climbed 4 levels and took 73 rows from 139  countries. In 2015-2016, the country ranked 79th.