The impact of copper price movements and variabilities on the Economic growth of Armenia in 2020
Description of Report:
The current economic situation in the world, as well as the outbreak of the new coronavirus COVID-19 pandemic, is slowing down global economic activity, including the decline in global demand for copper.
This study was conducted by Avenues Consulting Group’s Strategic Management Advisory Team and presents the situation in the Armenian mining industry in the context of declining international copper prices. The analysis conducted within the framework of the research showed that the drop in the price of copper in the international market up to 50% in 2020 may halve the forecasted GDP growth rate for 2020 in Armenia.