Policy Briefing 03/2020
Economic Monitor Armenia – Issue 03 | August 2020 (update)
Overwiew: economic situation in 2020
- GDP to drop by 1.5%; pre-COVID forecast: 5.5%
- Strong reduction of private consumption and investment counteracted by gov spending
- Budget deficit will amount to 5.0% of GDP, compared with pre-COVID plan of 2.3%
- Current account deficit at 8.6% of GDP, only slightly higher than pre-COVID 8.4%
- Strong decline in exports and remittances counterbalanced by large import contraction
- But: lower FDI and reversal of private capital inflows create problems for financing the current account deficit
- Augmentation of IMF stand by arrangement and immediate disbursement of USD 280 m key for financing both the budget and the current account deficit
- Rather stable exchange rate, after temporary depreciation by 5% in March 2020
Webinar “The European Competition Directive and its application to digital markets”
Moldova has to implement the current EU Competition Directive by the end of the year, as part of its association with the EU. To support this process, the German Economic Team together with the Moldovan Competition Council organised a webinar “The European Competition Directive and its application to digital markets”.
(more…)Policy Briefing 02/2020
Prerequisites for a Common Strategic and Legal Framework for Free Economic and Industrial Zones in the Republic of Armenia
(more…)Technical Note 01/2019
Export potential of Armenia’s agro food sector on the global market: top 10 destinations for top 20 products
(more…)Policy Briefing 01/2019
Policy Study 01/2019
