Former economy minister forecasts how long COVID 19 situation will last in Armenia and how many people will be infected
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06.04.2020 14:40
Armenia is currently in the stage of spreading a new type of coronavirus, but, unlike Russia, it is closer to the end of this stage, Armen Yeghiazaryan, Associate Professor of the Department of Economic Theory and Problems of Transition Economics of the Russian-Armenian University and Former Minister of Economy of Armenia, said in his article "Analysis and Forecast of the Spread of Coronavirus in the World as of April 2, 2020," posted on the university’s website. "As of April 3, the incidence rate in Armenia was 248 people per million people," he said
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Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy minister

06.04.2020 13:15
The damage to the Armenian economy from the coronavirus in the base scenario will amount to $ 1.53 billion (or 11.2% of the 2019 GDP), according to a study by Vahram Avanesyan, a former minister of economy of Armenia, published on the website of the Russian-Armenian University

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Fitch ratings projects that Armenia’s  government debt may rise from 53.6% at end-2019 to 59.2% of GDP in 2020

04.04.2020 21:53
Armenia’s general government debt is projected to rise from 53.6% at end-2019 to 59.2% of GDP in 2020 before falling back to 56.0% in 2021, upward revisions of 9.4pp and 7.4pp, respectively, since our last review, and well above the current 'BB' median of 46.5%, Fitch Ratings said in a report

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Fitch ratings: Armenian banking sector fundamentals will weaken as a result of coronavirus shock

04.04.2020 21:51
Armenian banking sector fundamentals will weaken as a result of the coronavirus shock, captured by the negative banking sector outlook for 2020, Fitch Ratings said in a report after revising the outlook on Armenia's Long-Term Issuer Default Ratings (IDR) to negative from stable and affirmed the IDRs at 'BB-'.

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Minister: Armenia to build up its government spending, possibly by increasing its public debt

03.04.2020 16:45
Armenia to build up its government spending, possibly by increasing the level of public debt, Economy Minister Tigran Khachatryan said Friday at the Single Information Center

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