Publication: Armenia's Economic Pulse: Fairer Markets for Inclusive Growth
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2025-11-20
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2025-11-21
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This Country Economic Update (CEU) is the first in a regular series of reports dedicated to monitoring socioeconomic developments and to fostering informed dialogue on economic policies and prospects. Armenia CEUs aim to offer regular, comprehensive, and concise analysis of recent economic developments and the country’s economic outlook, together with discussion on selected, critical structural challenges that require attention by policy makers. The 2025 CEU update comes at a pivotal moment for Armenia. Post-COVID-19 pandemic, the country has experienced rapid growth yet is still faced with structural challenges such as limited economic diversification heightening exposure to shocks; limited competition, stifling innovation; and declining investment. All demand bold policy action. This report highlights Armenia’s resilience and potential––and offers actionable insights for policymakers and stakeholders in an effort to foster inclusive growth and address barriers to competition.
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“World Bank. 2025. Armenia's Economic Pulse: Fairer Markets for Inclusive Growth. © World Bank. http://hdl.handle.net/10986/44008 License: CC BY-NC 3.0 IGO.”
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Publication Africa's Pulse, April 2011 : An Analysis of Issues Shaping Africa's Economic Future(Washington, DC, 2011-04)This Africa's pulse newsletter includes the following heading: recent global economic trends and prospects; factors driving the region performance; risk to economic prospects; and rising commodity prices.Publication Africa's Pulse, April 2013 : An Analysis of Issues Shaping Africa's Economic Future(Washington, DC, 2013-04)This Africa's pulse newsletter includes the following headings: Sub-Saharan African countries continue to grow at a steady pace; the region's decade-long economic expansion appears sustainable; and for newly resource-rich countries, strong governance will be key to harnessing resource wealth for developmentPublication Africa's Pulse, October 2012 : An Analysis of Issues Shaping Africa's Economic Future(Washington, DC, 2012-10)This Africa's pulse newsletter includes the following headings: Sub-Saharan African countries continue to grow at a steady pace; the region's decade-long economic expansion appears sustainable; and for newly resource-rich countries, strong governance will be key to harnessing resource wealth for development.Publication Africa's Pulse, October 2013 : An Analysis of Issues Shaping Africa's Economic Future(Washington, DC, 2013-10)This Africa's pulse newsletter includes the following headings: economic prospects for Sub-Saharan Africa remain strong, but growth is vulnerable to a sharp decline in commodity prices; the region's progress on reducing poverty has been slow, hindered by high inequality; and faster reduction in poverty will require growth with equity.Publication Armenia : Growth Challenges and Government Policies, Volume 2. Main Report(Washington, DC, 2001-11-30)This report reviews growth trends in Armenia for the period 1994-2000, outlines major weaknesses of existing development patterns, and suggests a package of policy recommendations designed to accelerate enterprise restructuring, attract investment, and encourage the creation of new businesses in the medium term (three to five years). Such steps are needed to systain (and preferably to increase) the current growth rates, to stop emigration among the young and skilled, and to reduce poverty. The government needs to focus much more clearly on generating the environment for private sector led growth by removing bottlenecks in policies, infrastructure, and institutions that prevent new private businesses from flourishing. International aid donors can help by supporting the removal of administrative barriers for investments, the rehabilitation of infrastructure, and the creation of "restructuring agencies" that will enable firms in key sectors to overcome or avoid common constraints to business growth in Armenia. Successful restructuring by such firms should have a demonstration effect on the country's economy and help consolidate public support for moving forward the program of reform begun a decade ago.
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