https://arka.am-YEREVAN, April 17. /ARKA/. The International Monetary Fund (IMF) expects Armenia’s economy to grow by 6% in 2024, according to its latest World Economic Outlook.
In a similar report released last October, the IMF predicted 5% economic growth in 2024. The April report notes that the Armenian economy’s growth will slow to 5.2% in 2025.
Analysts also expect inflation in Armenia to be 3.1% in 2024 and increase to 3.7% in 2025.
Armenian government’s economic growth projection for this year is 7%. The Central Bank’s forecast is 5.3-6.4% in 2024.
According to IMF’s baseline forecast for the world economy, it will continue growing at 3.2 percent during 2024 and 2025, at the same pace as in 2023.
A slight acceleration for advanced economies—where growth is expected to rise from 1.6 percent in 2023 to 1.7 percent in 2024 and 1.8 percent in 2025—will be offset by a modest slowdown in emerging market and developing economies from 4.3 percent in 2023 to 4.2 percent in both 2024 and 2025.