Armenia
Total report count: 1
Total report count: 1
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Armenia's economic freedom ranking has declined to 'moderately free,' marked by persistent corruption and ongoing high tensions with neighboring Azerbaijan. Despite these challenges, economic growth is projected to remain robust in 2023, surpassing the regional average. The consumer market potential faces obstacles due to a shrinking and aging population. Internet usage is on the rise, and mobile subscriptions are notably high, yet innovation potential is relatively low.
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