ArmInfo.According to the new forecast of the World Bank (WB) regarding GDP growth in 2021 among the EAEU countries, Armenia ranks second (3.4%), but at the rate of  2022 it shares the lead with Kyrgyzstan (4.3%).

ArmInfo.Central Bank of Armenia downgraded Armenia's GDP growth forecast for 2021 to 1.4% from previous 2%. This is set out in the Central Bank's Monetary Policy  Program for the first quarter of 2021, published on March 31, where  expectations for economic growth in the medium term are estimated at  below 3.5%.

ArmInfo.The World Bank (WB) has improved Armenia's projected GDP growth for 2021 to 3.4% (from the previous 3.1%), with an acceleration in 2022 to 4.3%, against an actual decline of 7.6% in 2020.

ArmInfo.In Armenia's banking system, the growth of non-performing loans (NPL) accelerated significantly in 2020, despite regulatory "concessions" in terms of  shifting part of the burden of non-performing loans to 2021.

ArmInfo.The World Bank offered the Ministry of Economy of Armenia to identify the fields in need of assistance. As the press service of the department told ArmInfo on  March 4, this recommendation was made by Sebastian Molineus, the  World Bank Regional Director for the South Caucasus, during his visit  to Armenia and a meeting on March 3 with RA Minister of Economy Vahan  Kerobyan.

ArmInfo.The World Bank (WB) predicted 3.1% GDP growth in Armenia for 2021 with an acceleration in 2022 to 4.5%, against an actual decline of 7.6% in 2020 (with a  projected 8%). This is stated in the new WB report "Global Economic   Prospects", which contains forecasts for 2021-2022.

ArmInfo. Prime Minister Nikol Pashinyan held a consultation on the 2020 agricultural season's results and the activities projected for 2021.

ArmInfo.The Board of Directors of the World Bank (WB) decided to allocate additional funding to Armenia in the amount of $ 7.4 million to strengthen the  health care system. This is stated in the official message of the WB.

ArmInfo. "I will not forgive myself if this year we do not provide double-digit indicators for economic growth," Minister of Economy Vahan Kerobyan said in an  interview with the Public Television of Armenia.

ArmInfo.The Central Bank further worsened the forecast for the decline in Armenia's GDP in 2020 - to 7.2% from the previous 6.2%. This is set out in the Central  Bank's Monetary Policy Program for the Q4 of 2020, published on  December 29.  According to the Central Bank's forecast, in these  conditions, the decline in private demand will amount to 10.1%,  including private consumption will decrease by 9.3% (against the  previously expected decline by 9.4%), and the gross accumulation of  private fixed assets will decrease by 15.3%.

ArmInfo.The national debt of Armenia in October 2020 increased by 1.5%, after the September decline by 1.4%, which is due to the reversal of the dynamics of  domestic debt from 1.7% decline to 6.8% growth while the decline in  external debt slowed from 1.3% to 0.1%.

ArmInfo.The results of Eurasian Development Bank (EDB) experts' assessments indicate that above a threshold value of 37-38% of GDP, growing public debt still features a very small positive effect on economic growth of Armenia. This is stated in the published new Working Paper of the Eurasian Fund for Stabilization  and Development WP20 / 04 "Optimal Debt and Quality of Institutions".

ArmInfo. The growth of non-performing loans accelerated in the banking system of Armenia. Thus, the share of NPL in the loan portfolio increased in Q3 from  8.3% to 9%, and in assets it reached 6.1%, against 9% and 5.9%,  respectively, recorded a year earlier.

ArmInfo. The economies of the member countries of the Eurasian Development Bank will enter the growth phase in 2021. A similar opinion was expressed by the chief  economist of the Eurasian Fund for Stabilization and Development  (EFSD) Yevgeny Vinokurov during the video bridge "Economy of the EAEU  countries in 2021 - forecast for Armenia, Belarus, Kazakhstan,  Kyrgyzstan, Russia and Tajikistan".

ArmInfo. Armenia will end  2020 with a 7.9% economic decline, while growth recovers in 2021 by  3.2%. The Minister of Finance of the Republic of Armenia Atom  Janjughazyan stated this at an extraordinary meeting of the Standing  Committee of the National Assembly of the Republic of Armenia on  Financial-Credit and Budgetary Issues.

ArmInfo. The ban on the import of Turkish goods to Armenia for Turkey, even if it is a "drop in the bucket", will still have an impact. Economist, former mayor of  Yerevan Vahagn Khachatryan said this at a press conference on October  28. The expert conditioned his opinion on the existing difficulties  of the Turkish economy.

ArmInfo.. The Central Bank of the Republic of Armenia for 2020 revised its forecast for GDP growth downward. According to the September forecast, the Regulator expected  the economy to decline at the level of 6.2% by the end of 2020,  however, at the press conference on September 27, the Chairman of the  Central Bank of Armenia Martin Galstyan noted that Armenia would end  this year with a decline in GDP by 7.2%.

ArmInfo. A more impressive decline in imports than exports reduced the foreign trade deficit of Armenia in January-September 2020 by 23.6% per annum (against an  increase of 0.5% a year earlier against the background of an increase  in exports and imports).

ArmInfo.  The national debt of  Armenia in September 2020 decreased by 1.4% after the stagnant 0.3%  growth in August, which is due to the reversal of the dynamics of  both external debt from 0.1% growth to 1.3% decline, and internal  debt from 1% growth to 1.7% decline. As a result, the state debt of  Armenia by October 2020 amounted to $ 7.9 billion (3.8 trillion  drams), in particular, the external debt - $ 5.98 billion (2.9  trillion drams), and the internal debt - $ 1.9 billion (915.7 billion  drams). This is evidenced by the data of the RA Ministry of Finance.

ArmInfo.  According to the new forecast of the World Bank for 2020, the decline in Armenia's GDP will be 6.3%, against the previously expected 2.8% and actual 7.6%  growth in 2019. In 2021, the WB expects Armenia's GDP to grow by  4.6%. This is noted in the WB report "Europe and  Central Asia  Economic Update" published on October 7, which indicates new  expectations for a decline in GDP in the ECA region in 2020 by 4.4%,  with growth in 2021 at 3.3 %.