The termination of Armenia’s membership in the Eurasian Economic Union (EAEU) could lead to a 15.6% decrease in the country’s GDP. This is stated in a report by the Eurasian Intergovernmental Council, which concerns the possible consequences of the EAEU Treaty’s termination for Armenia.
“As a result of the termination of the Republic of Armenia’s participation in the [Eurasian Economic] Union, a decline of about 15.6% in the republic’s GDP, inflation by 14.9 percentage points, as well as a reduction in consumption in the economy of the Republic of Armenia by 14.6% is predicted,” says the document, which was reviewed by RIA Novosti.