Armenia : Recent Economic Developments and Selected Issues

Recent Economic Developments and Selected Issues

Armenia : Recent Economic Developments and Selected Issues
This paper reports economic developments in the Republic of Armenia during 1998–99. Prior to August 1998, real GDP growth was strong, inflation had declined to moderate levels, the current account deficit was declining, and the exchange rate was stable. The Russian crisis, however, hit Armenia hard. Exports, workers' remittances, and transfers... READ MORE...

Publication date: November 1999
ISBN 9781451801439
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