Economic Growth Expected: Pashinyan

The Armenian government expects at least 7% economic growth in 2023. Prime Minister Nikol Pashinyan made this statement during discussions on the draft state budget for 2024 at a meeting of the National Assembly's permanent committees.

“Armenia has already been in a high economic growth environment for two consecutive years. This year we expect at least 7% economic growth, while the inflation environment is stable, with a rate of 2.8% in the first nine months. It is also noteworthy that a new record for registered jobs in Armenia was set in September. Accordingly, 726,056 jobs were registered in September, which is an increase of 178,067 compared to May 2018,” he stated.

Pashinyan emphasized that macroeconomic stability is the most important tool for managing all challenges and threats facing the country and for seizing opportunities. He assured that despite all threats, Armenia has managed to ensure macroeconomic stability.