On June 21, analysts of the Eurasian Development Bank (EDB) stated that Armenia will retain its leadership in economic growth among the EAEU countries in 2023.

"The main factor behind the strong dynamics is the growth of domestic demand in the face of an influx of relocators, capital, and remittances. The possibility of a reverse outflow of capital, labor, and expertise remains a significant risk for the economy, which should be taken into account," the report added. "In the base scenario of the forecast, we assume that the outflow will be gradual," the EDB noted.

Bank analysts predict a 7.5 percent growth in Armenia's GDP by the end of the current year amid the stabilization of domestic demand and growth in exports to the EAEU. Inflation is also expected to slow down to 2.5% per annum due to the weakening of external price pressure, the overvaluation of the dram against the dollar, and the stabilization of domestic demand. The EDB expects a reduction in the refinancing rate in Armenia to around 9% amid slowing inflation.

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