Armenia's strong growth rates of pre-crisis period were replaced by a 4.3% rate after the crisis. Earlier strong performance of growth estimated to moderate to only 3.2% in 2013. Reduction in private consumption and public investments underpinned the decline.
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December 16, 2014 — Jobs are essential to lifting people out of poverty and to ensuring that prosperity is shared by everyone – but the transformative power of jobs is not always harnessed as it could be.Read More »
December 17, 2014 — Information and communication technologies play an essential role in helping Armenia's economy to grow more businesses and people to find jobs. The World Bank and the Government of Armenia have committed to facilitating a more competitive and innovative environment for the development of technology clusters.Read More »
December 8, 2014 — Economic growth in Armenia is expected to slow due to a number of factors including slackening foreign direct investment, dependence on a limited number of commodity exports, and a difficult external economic environment.Read More »
The objectives of the project are strengthening the business environment, improving access to credit and efficiency of the civil service and public infrastructure, expanding social protection and environmental resources.Read More »
The proper management of water resources plays a key role in the socioeconomic development of Armenia. As 80% of agriculture in Armenia is heavily dependent on irrigation, water management is still subject to improvement.Read More »