1000х90.jpg (78 KB)

Time in Yerevan: 11:07,   29 March 2024

Inflation deviation risks are estimated to decrease in 2017 – Central Bank of Armenia

Inflation deviation risks are estimated to decrease in 2017 – Central Bank of Armenia

YEREVAN, FEBRUARY 25, ARMENPRESS. The world economic growth rates will accelerate to some extent from 2017, and in international commodity markets, except the grain market, the inflatory developments will continue.  Nevertheless, in the predicted horizon inflation pressures from the external sector are not expected for Armenia, according to an inflation report published by the Central Bank of Armenia, reports “Armenpress”.

In 2017 the economic growth rates will accelerate mainly due to the gradual recovery of domestic demand expected in Armenia’s economy, as well as the implementation of a number of effective programs by the Government aimed at boosting the export and investments. As a result, 2.2-3.2% economic growth is expected for 2017 which will ensure 1.7% growth in private consumption, and 3% growth in private investments from the demand perspective.

At the same time, within the year, compared to the previous year, 3 restraining impacts of budgetary-loan policy are expected on aggregate demand. In terms of supply, the growth of industry and agriculture will contribute to the economic growth.

Thus, in the predicted horizon, until the beginning of 2018, the deflatory impact on domestic demand will gradually weaken, and then until the end of the predicted horizon, it will tune into inflation.

Inflation deviation risks from the predicted rate are overall estimated to decrease both in short and medium terms. The risks arising from domestic economy are estimated to be deflatory.

 

 








youtube

AIM banner Website Ad Banner.jpg (235 KB)

All news    


Digital-Card---250x295.jpg (26 KB)

12.png (9 KB)

About agency

Address: Armenia, 22 Saryan Street, Yerevan, 0002, Armenpress
Tel.: +374 11 539818
E-mail: [email protected]