Armenia : A Cloudy Outlook
| dc.creator | World Bank | |
| dc.date | 2015-01-05T21:27:46Z | |
| dc.date | 2015-01-05T21:27:46Z | |
| dc.date | 2014-10 | |
| dc.date.accessioned | 2026-07-01T00:54:17Z | |
| dc.description | Economic growth slowed to 3.5 percent in 2013 and 2.7 percent year-on-year in the first half of 2014. The slowdown is the result of a number of factors such as slackening foreign direct investment (FDI), dependence on a limited number of commodity exports, and a difficult external economic environment. Consumer lending and remittances continued to support private consumption, but under-execution of government spending suppressed aggregate demand. On the supply side, the mining and energy sectors performed particularly badly, offsetting positive developments in manufacturing. Year-on-year inflation reached close to zero in August 2014, following a long decline since energy price increases caused it to flare up in July 2013. Twelve-month inflation slowed to 0.8 percent in August, well below the central bank s 2.5 5.5 percent target range. The decline came despite new electricity price increases in the same month. On the whole, second-round price pressures were minimal. Core inflation, excluding prices for food and fuel, was being held below headline inflation in the second half of the year. | |
| dc.format | application/pdf | |
| dc.format | text/plain | |
| dc.identifier | http://documents.worldbank.org/curated/en/2014/01/21412799/armenia-cloudy-outlook | |
| dc.identifier | https://hdl.handle.net/10986/21084 | |
| dc.identifier | https://doi.org/10.1596/21084 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/412732 | |
| dc.language | English | |
| dc.language | en_US | |
| dc.publisher | Washington, DC | |
| dc.rights | CC BY 3.0 IGO | |
| dc.rights | http://creativecommons.org/licenses/by/3.0/igo/ | |
| dc.subject | ACCOUNTING | |
| dc.subject | ACCUMULATION OF RESERVES | |
| dc.subject | AGGREGATE DEMAND | |
| dc.subject | AGRICULTURAL COMMODITIES | |
| dc.subject | AGRICULTURE | |
| dc.subject | ANNUAL GROWTH | |
| dc.subject | BASIS POINT | |
| dc.subject | BASIS POINTS | |
| dc.subject | BENEFICIARIES | |
| dc.subject | BONDS | |
| dc.subject | BROKERAGE | |
| dc.subject | BUFFERS | |
| dc.subject | CAPACITY CONSTRAINTS | |
| dc.subject | CAPITAL FLOWS | |
| dc.subject | CAPITAL MARKETS | |
| dc.subject | CENTRAL BANK | |
| dc.subject | CENTRAL DEPOSITORY | |
| dc.subject | COMMERCIAL BANK | |
| dc.subject | COMMERCIAL BANK LOAN | |
| dc.subject | COMMERCIAL BANKS | |
| dc.subject | COMMODITY PRICES | |
| dc.subject | COMPETITIVENESS | |
| dc.subject | CONSOLIDATION | |
| dc.subject | CONSUMER PRICE INDEX | |
| dc.subject | CONSUMPTION BASKET | |
| dc.subject | CONSUMPTION BASKETS | |
| dc.subject | CONSUMPTION GOODS | |
| dc.subject | CONSUMPTION GROWTH | |
| dc.subject | CONSUMPTION SPENDING | |
| dc.subject | CORE INFLATION | |
| dc.subject | CPI | |
| dc.subject | CREDIT EXPANSION | |
| dc.subject | CREDIT RATING | |
| dc.subject | CURRENCY | |
| dc.subject | CURRENCY MISMATCHES | |
| dc.subject | CURRENT ACCOUNT | |
| dc.subject | CURRENT ACCOUNT BALANCE | |
| dc.subject | CURRENT ACCOUNT DEFICIT | |
| dc.subject | CUSTOMS UNION | |
| dc.subject | DEBT HOLDINGS | |
| dc.subject | DEBT SERVICE | |
| dc.subject | DEFICIT FINANCING | |
| dc.subject | DEFLATION | |
| dc.subject | DEPRECIATION | |
| dc.subject | DEVELOPING COUNTRIES | |
| dc.subject | DEVELOPMENT BANK | |
| dc.subject | DEVELOPMENT POLICY | |
| dc.subject | DEVELOPMENT STRATEGY | |
| dc.subject | DISBURSEMENTS | |
| dc.subject | DOMESTIC CAPACITY CONSTRAINTS | |
| dc.subject | DOMESTIC DEBT | |
| dc.subject | DOMESTIC DEMAND | |
| dc.subject | DOMESTIC INVESTORS | |
| dc.subject | DOMESTIC LIQUIDITY | |
| dc.subject | ECONOMIC ACTIVITY | |
| dc.subject | ECONOMIC CRISIS | |
| dc.subject | ECONOMIC DEVELOPMENTS | |
| dc.subject | ECONOMIC GROWTH | |
| dc.subject | ECONOMIC POLICY | |
| dc.subject | ELASTICITY | |
| dc.subject | EQUITY ISSUANCE | |
| dc.subject | EUROBOND | |
| dc.subject | EXCHANGE RATE | |
| dc.subject | EXCHANGE RATE POLICIES | |
| dc.subject | EXPENDITURE | |
| dc.subject | EXPENDITURES | |
| dc.subject | EXPORT DIVERSIFICATION | |
| dc.subject | EXPORT GROWTH | |
| dc.subject | EXPORT MARKET | |
| dc.subject | EXPORTERS | |
| dc.subject | EXTERNAL DEBT | |
| dc.subject | EXTERNAL DEMAND | |
| dc.subject | EXTERNAL FINANCING | |
| dc.subject | EXTERNAL SHOCKS | |
| dc.subject | EXTREME POVERTY | |
| dc.subject | FINANCIAL MARKET | |
| dc.subject | FINANCIAL MARKETS | |
| dc.subject | FISCAL BALANCE | |
| dc.subject | FISCAL DEFICIT | |
| dc.subject | FISCAL EFFORTS | |
| dc.subject | FISCAL POLICY | |
| dc.subject | FIXED INVESTMENTS | |
| dc.subject | FLEXIBLE EXCHANGE RATE | |
| dc.subject | FOOD PRICE | |
| dc.subject | FOOD PRICES | |
| dc.subject | FOREIGN DIRECT INVESTMENT | |
| dc.subject | FOREIGN EXCHANGE | |
| dc.subject | FOREIGN EXCHANGE RESERVES | |
| dc.subject | FOREIGN INVESTORS | |
| dc.subject | FREE TRADE | |
| dc.subject | FREE TRADE AGREEMENT | |
| dc.subject | FREE TRADE AGREEMENTS | |
| dc.subject | FUTURES | |
| dc.subject | FUTURES MARKETS | |
| dc.subject | GDP | |
| dc.subject | GENERAL EQUILIBRIUM | |
| dc.subject | GEOPOLITICAL TENSIONS | |
| dc.subject | GLOBAL DEMAND | |
| dc.subject | GLOBAL ECONOMY | |
| dc.subject | GLOBAL INTEREST | |
| dc.subject | GLOBAL MARKETS | |
| dc.subject | GOVERNMENT DEFICIT | |
| dc.subject | GOVERNMENT GUARANTEES | |
| dc.subject | GOVERNMENT SECURITIES | |
| dc.subject | GOVERNMENT SPENDING | |
| dc.subject | GRACE PERIOD | |
| dc.subject | GRADUAL DEPRECIATION | |
| dc.subject | GROSS DOMESTIC PRODUCT | |
| dc.subject | GROWTH RATES | |
| dc.subject | HOLDING | |
| dc.subject | HOLDINGS | |
| dc.subject | HUMAN DEVELOPMENT | |
| dc.subject | IMPORT | |
| dc.subject | IMPORT COSTS | |
| dc.subject | IMPORT GROWTH | |
| dc.subject | IMPORT TARIFF | |
| dc.subject | IMPORT TARIFFS | |
| dc.subject | IMPORTS | |
| dc.subject | INCOME | |
| dc.subject | INCOME TAX | |
| dc.subject | INFLATION | |
| dc.subject | INFLATION TARGETING | |
| dc.subject | INFLATION TARGETING REGIME | |
| dc.subject | INFLATIONARY PRESSURE | |
| dc.subject | INFLATIONARY PRESSURES | |
| dc.subject | INTEREST PAYMENTS | |
| dc.subject | INTEREST RATE | |
| dc.subject | INTEREST RATES | |
| dc.subject | INTERNATIONAL MARKETS | |
| dc.subject | INTERNATIONAL RESERVES | |
| dc.subject | INTERNATIONAL TRADE | |
| dc.subject | INVESTMENT BANK | |
| dc.subject | INVESTMENT OPPORTUNITIES | |
| dc.subject | JUSTICE SYSTEMS | |
| dc.subject | LABOR FORCE | |
| dc.subject | LABOR MARKET | |
| dc.subject | LABOR PRODUCTIVITY | |
| dc.subject | LIBERALIZATION | |
| dc.subject | LOAN PORTFOLIOS | |
| dc.subject | LONG-TERM LOANS | |
| dc.subject | LONG-TERM OBLIGATIONS | |
| dc.subject | MACROECONOMIC ENVIRONMENT | |
| dc.subject | MACROECONOMIC RISK | |
| dc.subject | MARKET EFFICIENCIES | |
| dc.subject | MARKET EFFICIENCY | |
| dc.subject | METALS | |
| dc.subject | MINERAL PRICES | |
| dc.subject | MONETARY FUND | |
| dc.subject | MONETARY POLICY | |
| dc.subject | NATURAL RESOURCES | |
| dc.subject | NET IMPORTS | |
| dc.subject | NOMINAL EXCHANGE RATE | |
| dc.subject | NOMINAL WAGES | |
| dc.subject | NONPERFORMING LOANS | |
| dc.subject | NPL | |
| dc.subject | OIL | |
| dc.subject | OIL PRICES | |
| dc.subject | OPEN MARKET | |
| dc.subject | OPEN MARKET OPERATIONS | |
| dc.subject | OUTPUT GAP | |
| dc.subject | PENSION | |
| dc.subject | PENSION SYSTEM | |
| dc.subject | PENSIONS | |
| dc.subject | POPULATION GROWTH | |
| dc.subject | POVERTY REDUCTION | |
| dc.subject | PRICE DYNAMICS | |
| dc.subject | PRICE HIKE | |
| dc.subject | PRICE INCREASE | |
| dc.subject | PRICE INCREASES | |
| dc.subject | PRICE INDEXES | |
| dc.subject | PRIVATE CONSUMPTION | |
| dc.subject | PRIVATE DEBT | |
| dc.subject | PRODUCTION TECHNOLOGY | |
| dc.subject | PROFIT MARGIN | |
| dc.subject | PUBLIC DEBT | |
| dc.subject | REAL EXPORT | |
| dc.subject | REAL EXPORT GROWTH | |
| dc.subject | REAL GDP | |
| dc.subject | REAL IMPORT | |
| dc.subject | RECESSION | |
| dc.subject | REGISTRATION FEES | |
| dc.subject | REMITTANCE | |
| dc.subject | REMITTANCES | |
| dc.subject | REPAYMENT | |
| dc.subject | RESERVES | |
| dc.subject | RETURN | |
| dc.subject | RETURNS | |
| dc.subject | SHORT-TERM DEBT | |
| dc.subject | SHORT-TERM EXTERNAL DEBT | |
| dc.subject | SHORTFALL | |
| dc.subject | SLOWDOWN | |
| dc.subject | SLOWDOWNS | |
| dc.subject | STRUCTURAL REFORMS | |
| dc.subject | STRUCTURAL UNEMPLOYMENT | |
| dc.subject | SUPPLY SIDE | |
| dc.subject | SURPLUS | |
| dc.subject | TARGET RANGE | |
| dc.subject | TARIFF INCREASE | |
| dc.subject | TARIFF INCREASES | |
| dc.subject | TARIFF POLICY | |
| dc.subject | TAX CREDITS | |
| dc.subject | TAX EXEMPTIONS | |
| dc.subject | TAX INCREASE | |
| dc.subject | TAX RATE | |
| dc.subject | TELECOMMUNICATIONS | |
| dc.subject | TERMS OF TRADE | |
| dc.subject | TOTAL EXPORTS | |
| dc.subject | TOTAL EXTERNAL DEBT | |
| dc.subject | TRADE BALANCE | |
| dc.subject | TRADE IMPACT | |
| dc.subject | TRADE PATTERNS | |
| dc.subject | TRADE POLICY | |
| dc.subject | TRADE RESTRICTIVENESS | |
| dc.subject | TRADE SHOCK | |
| dc.subject | TRADING | |
| dc.subject | TRADING PARTNER | |
| dc.subject | TRADING PARTNERS | |
| dc.subject | TRANCHE | |
| dc.subject | TRANSPARENCY | |
| dc.subject | TREASURY | |
| dc.subject | TREASURY BILL | |
| dc.subject | TREASURY BILL RATE | |
| dc.subject | TREATY | |
| dc.subject | TURNOVER | |
| dc.subject | UNCERTAINTY | |
| dc.subject | UNEMPLOYMENT RATE | |
| dc.subject | WEIGHTS | |
| dc.subject | WORKING CAPITAL | |
| dc.subject | WORLD TRADE | |
| dc.subject | WORLD TRADE ORGANIZATION | |
| dc.subject | WTO | |
| dc.title | Armenia : A Cloudy Outlook |
