Pashinyan says Armenia's economy set to grow by 6% in 2021

July 1, 2021 – 18:56 AMT

PanARMENIAN.Net’s economy is expected to expand by 6% in 2021, acting Prime Minister Nikol Pashinyan told a government meeting on Thursday, July 1.

“The draft budget for 2021 predicted a GDP growth of 3.2%, but I am pleased to note that the forecasts have been revised upwards, and the economy is now projected to grow by 6% in 2021,” Pashinyan said.

The caretaker PM also said the government is “quite successfully” collecting revenues”, teasing an overfulfilment for the first half-year.

The Central Bank of Armenia earlier revised its economic growth forecast for the country in 2021. It said Armenia’s Gross Domestic Product (GDP) will expand by 4.6% instead of 1.4% that was forecast at the beginning of the year.

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