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Country Report Armenia 2nd Quarter

Following his re-election for a second term in office in February 2013, the president, Serzh Sargsyan, will oversee a more reform-focused agenda in a bid to prevent further social unrest.

Attempts to improve relations with Turkey will have limited effect, as no progress has been made recently in the unresolved dispute with Azerbaijan, an important Turkish ally, over Nagorny Karabakh.

The budget deficit narrowed to 1.5% of GDP in 2012. Government spending restraint, and improvements to tax and customs administration, will keep the budget deficit in check over the forecast period.
Country Report Armenia 2nd Quarter

Outlook for 2013-14

Basic data
Total area
Main towns
Weights and measures
Public holidays

Political structure
Official name
Form of state
National legislature
National elections
Head of state
National government
Main political parties
Key ministers
Speaker of the National Assembly
Central Bank chairman

Economic structure: Annual indicators

Economic structure: Quarterly indicators

Economic structure: Comparative economic indicators

Outlook for 2013-14: Political stability

Outlook for 2013-14: Election watch

Outlook for 2013-14: International relations

Outlook for 2013-14: Democracy index: Armenia
Support for democracy is low
Robust economic growth will lead to improvements in social conditions
Note on methodology

Outlook for 2013-14: Policy trends

Outlook for 2013-14: Fiscal policy

Outlook for 2013-14: Monetary policy

Outlook for 2013-14: International assumptions

Outlook for 2013-14: Economic growth

Outlook for 2013-14: Inflation

Outlook for 2013-14: Exchange rates

Outlook for 2013-14: External sector

Outlook for 2013-14: Forecast summary
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