The World Bank published the
monthly update of Armenia's economic development.
Economic growth fell by half in May to 5.2 percent (yoy), down from 10 percent (yoy) in April.
● Non-commercial net money transfers contracted
by 44 percent (yoy) in May.
● Prices picked up for the first time since October
2023, indicating slight inflation in June.
● Strong growth in re-exports of gold and jewelry
continued in May.
● Despite a deficit of AMD 46.4 billion in May, the
cumulative budget remained balanced.
● Growth in commercial banks’ deposits and credits
increased slightly in May.
