EBRD gives dim outlook for Armenia - GDP decline of 1,5% in 2015
15.05.2015
Armenian GDP is projected to decline by 1,5% in 2015, according to the forecast, published today by the European bank of Reconstruction and Development. The decline looks still harsher against the background of 3,4% growth in 2014. For 2016, EBRD predicts 1,0% growth.
Prospects across the CIS are generally not very optimistic, affected by the impact of the recession in Russia.
In Ukraine, the GDP is expected to shrink by 7,5%, given the unresolved conflict in th...