Armenia gets highest growth projection by World Bank among European, Central Asian countries
The World Bank is projecting the highest economic growth – 10,8% for 2022 in Armenia among European and Central Asian countries.
The World Bank released the projections in the Global Economic Prospects January 2023 report.
Regarding other regional countries, the World Bank projected Azerbaijan’s 2022 growth at 4,2%, Georgia at 10% and Turkey at 4,7%.
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- EBRD Raises Growth Forecast for Armenia’s Economy for 2022 In its latest Regional Economic Prospects (REP), the EBRD said that the economies of Armenia, Azerbaijan and Georgia are enjoying some of their highest growth rates in years.
- Armenia Central Bank Raises Refinancing Rate The rate of funds attracted from banks by the CBA is 8%.
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