News Snapshot:
Siranush Ghazanchyan September 15, 2020, 14:12 Less than a minute Armenia’s economy is expected to contract by 4 per cent this year, the Asian Development Bank (ADB) said on Tuesday. However, it expects Armenia to bounce back with 3.5 per cent growth next year as the country begins to emerge from the economic devastation caused by coronavirus (Covid-19) pandemic. Armenia’s neighbors Azerbaijan and Georgia will see a 4.3 and 5 percent decline, respectively, the Bank said. Economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, as the...
