The Eurasian Development Bank (EDB) forecasts that the growth of Armenia’s GDP will slow down to 5% at the end of 2013.

This conclusion is suggested in the new issue of The CIS Macromonitor published by Eurasian Development Bank’s (EDB) Research Department.

"In Q1 2013 the growth of Armenia’s GDP reached 7.5%. The country’s strong economic dynamics was driven by the high growth in the industrial sector (increased agricultural processing, extraction of metal ores and production of basic metals) and a relatively strong domestic demand stimulated, in part, by migrants’ transfers (+8.7%). At the same time, the experts state that, despite the growth attained in export-orientated sectors, Armenia’s foreign economic indicators have worsened. Its external vulnerability has manifested itself in the reduction of international reserves and the devaluation of the national currency. EDB forecasts that the growth of Armenia’s GDP will slow down to 5% at the end of 2013. Inflation will reach at least 5.5%", The CIS Macromonitor reads this.