Bloomberg expects Armenian economy to grow by 2.5% in 2016
12.01.2016,
15:40
According to a Bloomberg forecast of worst economic performers in 2016, Armenian economy will grow by 2.5%, up from 2.2% expansion predicted by the Armenian government.
YEREVAN, January 12. /ARKA/. According to a Bloomberg forecast of worst economic performers in 2016, Armenian economy will grow by 2.5%, up from 2.2% expansion predicted by the Armenian government.
The World Bank and the Eurasian Development Bank also expect Armenian economy to grow by 2.2% in 2016.
Bloomberg also predicts a 3% GDP growth for Turkey, a 3% growth for Georgia and a 2.4% growth for Azerbaijan.
The oil-rich Venezuela will contract by 3.3 percent this year, the worst forecast of any of the 93 countries in the analysis, followed by junk-rated Brazil (2.5% contraction), debt-laden Greece (1.8%). They are followed by Russia and Ecuador, which are expected to contract by 2.5% each.
India is forecast to show the highest growth of 7.4%. Next are Vietnam and Bangladesh, each forecast to grow by 6.6%. -0-
The World Bank and the Eurasian Development Bank also expect Armenian economy to grow by 2.2% in 2016.
Bloomberg also predicts a 3% GDP growth for Turkey, a 3% growth for Georgia and a 2.4% growth for Azerbaijan.
The oil-rich Venezuela will contract by 3.3 percent this year, the worst forecast of any of the 93 countries in the analysis, followed by junk-rated Brazil (2.5% contraction), debt-laden Greece (1.8%). They are followed by Russia and Ecuador, which are expected to contract by 2.5% each.
India is forecast to show the highest growth of 7.4%. Next are Vietnam and Bangladesh, each forecast to grow by 6.6%. -0-
