Fiscal consolidation and recovery in Armenia (English)

Armenia's strong economic growth from 2001-2008, when real gross domestic product (GDP) grew 12.6 percent per year on average, boosted living standards and created the fiscal headroom necessary for the Government to respond to the 2009 financial crisis with a large fiscal stimulus. As a result, the fiscal deficit reached 7.6 percent in 2009 and helped limit the contraction in real GDP to 14 percent. With the economy growing again, the stimulus has...

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Author

Coulibaly,Souleymane;
Document Date
2012/02/01
Document Type
Brief
Report Number
67969
Volume No
1
Total Volume(s)
1
Country
Europe and Central Asia, Armenia,
Region
Europe and Central Asia,
Disclosure Date
2012/04/11
Disclosure Status
Disclosed
Doc Name
Fiscal consolidation and recovery in Armenia
Keywords
data collection and analysis

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Coulibaly,Souleymane.

Fiscal consolidation and recovery in Armenia (English). Europe and Central Asia knowledge brief ; issue no. 45 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/599861468009002341

Fiscal consolidation and recovery in Armenia (English)

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