Market Report, "Caucasus Business Forecast Report Q4 2012", Published
Core Views Despite plenty of room for Armenia's economy to recover following one of the most severe recessions in the world in 2009, we see few signs to indicate that the higher-than-expected growth rate in 2011 can be sustained into this year. We instead see growth settling at a more moderate trajectory over the coming years, especially with challenging global economic conditions and no signs of a recovery in fixed investment. Higher oil output capacity following major shutdowns last year...
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