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Macro Poverty Outlook for Armenia : April 2022 (Английский)

In Armenia, the impact of the war in Ukraine and sanctions on Russia is likely to be significant given Armenia’s strong economic links with Russia. The economy rebounded by 5.7 percent year on year (yoy) in 2021 but is forecast to grow at only 1.2 percent yoy in 2022, with an uncertain outlook subject to high downside risks. Lower growth and remittances are likely to slow poverty reduction and increase vulnerability.

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