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World Bank: Predictions on Armenia’s Economy for 2022 and 2023

The World Bank’s global report presents the projected economic performances of all countries in the world.
Regarding Armenia, the report states that Armenia will have 4.8% growth in 2022 and 5.4% in 2023.
According to the report, Armenia’s economy grew by 7.6% in 2019, and regressed by 7.4% in 2020.
In 2021 the Armenian economy recovered, growing by 6.1%.
The report predicts that 2023 will be beneficial, due to high levels of consumption and a good investment climate.
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