Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy (English)

Armenia had a strong record of sustained economic growth before the global economic and financial crisis. However, Armenia remains a low-spending country compared to income-level peers. From 2001 to 2008, Armenia's total expenditure to Gross Domestic Product (GDP) fluctuated between 19 and 23 percent, compared to a Europe and Central Asia average above 30 percent of GDP. The recent global crisis put a brake on Armenia's decade-long economic expansion...

Document also available in : Armenian

DETAILS

Document Date
2012/01/01
Document Type
Public Expenditure Review
Report Number
72880
Volume No
1
Total Volume(s)
1
Country
Armenia,
Region
Europe and Central Asia,
Disclosure Date
2012/09/24
Disclosure Status
Disclosed
Doc Name
Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy
Keywords
small and medium enterprise

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Official PDF
TXT*
Total Downloads** : 2124
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy (English). Public expenditure review (PER) Washington, DC: World Bank. http://documents.worldbank.org/curated/en/967701468003049908

Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

RELATED LINKS

SUBSCRIBE TO EMAIL ALERTS