Panellists: Aleksandr V. Gevorkyan, Ruben Indjikian and Vahan Kerobyan

Moderator: David Joulfaian

​

Saturday, August 17, 2024, at 11:00 AM PDT

​

Abstract: Armenia has seen impressive economic growth with strong macroeconomic indicators in the past few years, showing resilience despite the multiple shocks of the pandemic and the aftermath of the 44-day war, absorbing over 120,000 Artsakh refugees. There are hopeful developments in the high-tech, construction, and services sectors, as well as relative stability in banking. Yet, growth is forecast to slow down in the near term, as capital inflows decline and business activity moderates.

Structurally, incentivizing balanced and inclusive growth should be the key to generating well-paid jobs and reducing regional inequalities. Externally, Armenia is subject to geopolitical and geo-economic uncertainties, affecting foreign investment and diaspora engagement. Domestic market growth would play a role in the longer-term sustainability. Leveraging the current capacity and sustaining the growth momentum, a pragmatic long term development model may be needed.

Zoom link attached to the post.