Analysis by Region - Emerging Markets - Armenia
We've boosted our forecast for Armenia's GDP growth in 2024 to 7.8% y/y, up from 3.8% six months ago, following an 8.7% expansion last year. Growth momentum remained strong at the start of 2024, with GDP expanding by 9.2% y/y in Q1 amid buoyant export growth and solid expansions of investment and private consumption. We expect GDP growth will moderate to 2.6% next year, followed by a pick-up to medium-term potential growth of 3%-4%.
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