“The year was generally good for EEU countries, after the difficult 2015 and partly also 2016 Russia has more than 1% economic growth and is on a sustainable development path, which has the most positive impact for small economies of the EEU territory. The economies of Armenia and Kyrgyzstan had the highest development indicators. While Armenia’s [indicator] is simply the highest”, he said.
He mentioned that their earlier forecast on Armenia recording more than 4% GDP growth in 2017, which was contrary to what international structures were predicting, eventually became true.
“Armenia’s economy displayed double digit growth tendencies in several important branches of the economy such as industry, trade, exports and imports, the construction growth indicators have been restored – totaling 3%,” Safaryan said.
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