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Armenia’s economic dynamism remains strong – WB

armenpress.am02/14th/2020, 3:12

Armenia’s economic dynamism remains strong – WB

According to the World Bank, Armenia’s economic dynamism remains strong, with growth driven by services and recovery of mining, ARMENPRESS was informed from the WB monthly economic update of Armenia.

The WB notes that the growth of economic activity index reached 10.7% in December 2019, compared to the same period of 2018.

The Bank also notes that in December 2019 Armenia preserved low inflation rate (0.7% against 2018 December), while it slowed even down in January 2020. The inflation of December was driven by 4.6% rise of cigarette prices and 2.3% rise of transpiration expenses. The average annual inflation of 2019 was 1.4% (in 2018 it was 2.5%). The late...

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