Details

Summary:

Armenia has made significant strides in enhancing macroeconomic stability over the past two decades. This has recently come under strain. Before a full recovery from the Global Financial Crisis (GFC) could take root, a second wave of external shocks, resulting from the slowdown in Russia and the ensuing sharp currency depreciation, buffeted the economy. Armenian public finances have deteriorated steadily since 2013, triggering the debt brake mechanism in 2016.

Notes:

Part of the IMF eLibrary collection.
Description based on print version record.

Contributor:

International Monetary Fund. Fiscal Affairs Department.

Other format:

Print Version: Armenia

ISBN:

1484325559
9781484325551

Publisher Number:

10.5089/9781484325551.002 doi

Access Restriction:

Restricted for use by site license.