Publication:
Armenia : Implications of the Global Economic Crisis for Poverty

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T17:24:55Z
dc.date.available2012-03-19T17:24:55Z
dc.date.issued2009-09-01
dc.description.abstractThe global economic crisis seriously threatens the economic growth and poverty reduction that Armenia achieved in recent years. The most recent data indicate that the economy is now shrinking, with prospects worsening in 2009 and 2010 when the full impact of the crisis is expected to unfold. These developments are a setback for Armenia after a decade of nearly double-digit growth and substantial poverty reduction. Depending on the depth of the crisis in Armenia, in its main trading partners, and in its migrant workers' host countries, and depending on the effectiveness of policy responses, the crisis could have a protracted negative effect on Armenians' living standards. The economic downturn, coming on the heels of the food and fuel price increases last year, will have particularly difficult consequences for the poor and vulnerable who have limited coping means to deal with these successive shocks. The note identifies the main channels of transmission to households of the current global economic crisis and estimates its potential impact on poverty in Armenia. Given uncertainties regarding the scale of the crisis and how households are likely to cope, the note is intended to provide indicative estimates of the poverty impact of the crisis, rather than precise estimates. These estimates are made by simulating the effects of the anticipated slowdown on household consumption using data from the 2007 Integrated Living Conditions Survey (ILCS). The key messages that come out of the analysis are that the crisis will have potentially serious implications for poverty and that this calls for significant responses by the Government of Armenia and its development partners. The government is taking a number of steps to provide protection to the poor, including the protection of public spending on social protection and other pro-poor programs and to improve the targeting efficiency of the programs. These measures should help lessen the impact of the crisis on the poor and the vulnerable.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091022233344
dc.identifier.doi10.1596/3119
dc.identifier.urihttps://hdl.handle.net/10986/3119
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE POVERTY
dc.subjectACCOUNTING
dc.subjectAGGREGATE POVERTY
dc.subjectAGRICULTURAL EMPLOYMENT
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL SECTOR
dc.subjectASSET VALUES
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SECTOR
dc.subjectBENEFICIARIES
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCENTRAL BANK
dc.subjectCHANGES IN POVERTY
dc.subjectCHECKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER GOODS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION BASKET
dc.subjectCONSUMPTION GROWTH
dc.subjectCOUNTRY LEVEL
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectDATA AVAILABILITY
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT REPORT
dc.subjectDEVELOPMENT RESEARCH
dc.subjectDOMESTIC CREDIT
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DOWNTURNS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SHOCKS
dc.subjectECONOMICS LETTERS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPORT MARKETS
dc.subjectEXTREME POVERTY
dc.subjectEXTREME POVERTY LINE
dc.subjectFAMILY INCOMES
dc.subjectFAMILY MEMBERS
dc.subjectFINANCES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SHOCK
dc.subjectFOOD PRICES
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN FINANCIAL INSTITUTIONS
dc.subjectFOREIGN INVESTMENT
dc.subjectGOVERNMENT REVENUES
dc.subjectGROWTH ELASTICITY
dc.subjectGROWTH PROCESS
dc.subjectGROWTH PROSPECTS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHEADCOUNT POVERTY
dc.subjectHIGH INEQUALITY
dc.subjectHIGH INEQUALITY DEVELOPMENT COUNTRIES
dc.subjectHOST COUNTRIES
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD DATA
dc.subjectHOUSEHOLD HEAD
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD LEVEL DATA
dc.subjectHOUSEHOLD LIVING STANDARDS
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD WELFARE
dc.subjectHOUSING
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPACT ON POVERTY
dc.subjectINCIDENCE OF POVERTY
dc.subjectINDUSTRIAL SECTOR
dc.subjectINEQUALITY
dc.subjectINEQUALITY RELATIONSHIP
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINVESTMENT ACTIVITIES
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET PROGRAMS
dc.subjectLABOR MARKETS
dc.subjectLIVING STANDARD
dc.subjectLOANS TO COUNTRIES
dc.subjectLOCAL CURRENCY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC DATA
dc.subjectMEAN INCOME
dc.subjectMIGRANT LABOR
dc.subjectMONETARY FUND
dc.subjectMONEY TRANSFERS
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL POVERTY
dc.subjectNEGATIVE EFFECT
dc.subjectNUTRITION
dc.subjectOUTPUT GROWTH
dc.subjectOUTREACH CAMPAIGNS
dc.subjectPENSIONS
dc.subjectPER CAPITA CONSUMPTION
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESPONSES
dc.subjectPOOR
dc.subjectPOOR COMMUNITIES
dc.subjectPOOR FAMILIES
dc.subjectPOOR HOUSEHOLD
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOOR PEOPLE
dc.subjectPOOR POPULATION
dc.subjectPOPULATION GROUP
dc.subjectPOVERTY ASSESSMENT
dc.subjectPOVERTY DECLINE
dc.subjectPOVERTY ESTIMATES
dc.subjectPOVERTY GAP
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY INCIDENCE
dc.subjectPOVERTY INCREASE
dc.subjectPOVERTY INCREASES
dc.subjectPOVERTY INDICES
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY LINES
dc.subjectPOVERTY LINKAGES
dc.subjectPOVERTY MEASURES
dc.subjectPOVERTY PROFILE
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY SEVERITY
dc.subjectPOVERTY STATUS
dc.subjectPOVERTY THRESHOLD
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE TRANSFERS
dc.subjectPRO-POOR
dc.subjectPROGRAMMATIC POVERTY ASSESSMENT
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC WORKS
dc.subjectPUBLIC WORKS PROGRAMS
dc.subjectPURCHASING POWER
dc.subjectREDUCTION IN POVERTY
dc.subjectREFORM EFFORTS
dc.subjectREFORM PROGRAMS
dc.subjectREGIONAL AVERAGE
dc.subjectRELATIVE PRICES
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectSAFETY NET
dc.subjectSAFETY NET PROGRAMS
dc.subjectSAVINGS
dc.subjectSCHOOL ATTENDANCE
dc.subjectSECTORAL COMPOSITION
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NETS
dc.subjectSUBSISTENCE
dc.subjectTARGETING
dc.subjectTAX
dc.subjectTOTAL POVERTY
dc.subjectTOTAL POVERTY LINE
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectURBAN WORKERS
dc.subjectVULNERABLE HOUSEHOLDS
dc.titleArmenia : Implications of the Global Economic Crisis for Povertyen
dspace.entity.typePublication
okr.date.disclosure2009-10-22
okr.date.doiregistration2025-05-07T11:14:09.957699Z
okr.doctypeEconomic & Sector Work::Other Poverty Study
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091022233344
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.guid632801468209061533
okr.identifier.externaldocumentum000333037_20091022233344
okr.identifier.internaldocumentum11246569
okr.identifier.report47770
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/10/22/000333037_20091022233344/Rendered/PDF/477700ESW0P113101Official0Use0Only1.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryArmenia
okr.region.geographicalEastern Europe
okr.region.geographicalCommonwealth of Independent States
okr.region.geographicalAsia
okr.sectorHealth and other social services :: Other social services
okr.themeSocial protection and risk management :: Poverty strategy
okr.themePoverty strategy, analysis and monitoring
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicMacroeconomics and Economic Growth::Regional Economic Development
okr.unitHuman Development Sector Unit (ECSHD)
okr.volume1 of 1
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