Armenia Economics - GDP Growth Set to Slow Further
Armenia's economic activity gauge rose 5.8% in 2018, versus 7.7% growth in 2017, implying that GDP growth slowed last year (we project 5.4% GDP growth in 2018, down from 7.5% in 2017). Slower industrial production growth and a decline in agricultural output were the main factors behind last year's weaker growth. We expect GDP growth to ease again this year, to 4.5%, mainly due to a further slowdown in industrial production and retail trade. However, other sectors of the economy should deliver stronger results, including construction and agriculture, leading to more balanced growth.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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