World Bank forecasts low economic growth for Armenia in 2015

World Bank forecasts low economic growth for Armenia in 2015

The World Bank (WB) expects weak economic growth in Armenia, or even negative economic growth as a result of the devaluation of the ruble, as well as the serious economic condition due to the reduction of exports of goods to Ukraine and money transfers. 

 

"Economic growth in Armenia may be very low, probably around 0.8% - with a positive trend," the head of the Yerevan branch of the WB Laura Bailey said. 

 

"Anyway, this positive trend can be negative if the economy will be subjected to serious external shocks," trend quotes her as saying.

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