Papoyan: leaving the EAEU alone could slow growth by about 0.65 percentage points
- Published
- Place
- Yerevan, Armenia
- Event date
- Past event —
Summary
Economy Minister Gevorg Papoyan said on 6 November, briefing reporters at the National Assembly, that the direct impact of Armenia leaving the Eurasian Economic Union (EAEU), holding other factors constant, could slow growth by around 0.65 percentage points — for example from 6.6% to 6%. He added that accompanying factors, such as a possible customs duty on gas, could deepen the slowdown to roughly 5% growth in the example he gave, while also stressing possible positive offsets among several pluses and minuses. The remarks, separate from earlier support packages for exporters hit by Russian restrictions, were carried by Armenpress and ARKA.
Analysis
Papoyan offers a quantified range without announcing an exit: he answers how ready the economy would be if EAEU frictions worsen. Readers get two useful signals — an isolated hit near 0.65 points, and a harsher path if gas and other items stack — plus room for offsets among several pluses and minuses. The debate stays hypothetical, tied to the government’s European-integration talk.
Possible consequences
Coming budget projections and any impact studies will refine the range.
