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03.09.2015

GLOBAL COMPETITIVENESS AND ARMENIA

   

By Areg Gharabegian

July 2015

A comprehensive Global Competitiveness study has been conducted by World Economic Forum utilizing various indicators to rank 144 countries in different areas. This report is a short summary of the findings of that comprehensive study with emphasis on Armenia and its neighboring countries. The study was done at a time when the global economy seems to be finally leaving behind the worst and longest- lasting financial and economic crisis of the past 80 years.

Much of the growth in recent years has taken place because of the extraordinary and bold monetary policies in countries such as the United States, Japan, and the United Kingdom. Overall, growth prospects in advanced economies are better than they have been in recent years, albeit very unevenly distributed. The recovery in the United States seems to be well grounded with strong output and employment figures. In Europe the picture is more mixed, with many countries now recording stronger growth, while others continue to suffer from weak growth, high unemployment, and financial fragmentation.

GLOBAL COMPETITIVENESS AND ARMENIA (60 KB)
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