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Economic Forecast Platform Website Launched

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  • Economic Forecast Platform Website Launched

    ECONOMIC FORECAST PLATFORM WEBSITE LAUNCHED

    ARKA
    April 14, 2008

    YEREVAN, April 14. /ARKA/. A new website - Economic Forecast Platform -
    was presented in Yerevan. The site will be active at www.efp.am since
    April 15, Chief of Financial Department of the Central Bank of Armenia
    (CBA) Artur Nakhshikyan reported after presenting the main monetary and
    credit policy trends of CBA to the representatives of Armenian banks.

    The website will provide forecasts of independent experts on major
    macroeconomic showings, economic growth, inflation and REPO operations.

    The project aims to enhance awareness and interest in macroeconomic
    developments, as well as to create a room for independent experts
    acting out of the CBA structure who can get involved in professional
    discussions and disputes.

    Forecast information will be accumulated quarterly and put on the
    website every 12th day of the month following each quarter. On the
    same day the CBA will publicize the monetary and credit policy trends
    for the next quarter and forecasts on economic developments.

    The organizers pledge to provide only professional forecast and
    analysis free of political implication. In fact, experts' assessments
    will not necessarily be similar with the official position of the
    structures they are working with.

    University professors, leading specialists of banks and consulting
    companies, as well as well-known economists will act as experts.

    AEPLAC Regional Director Tigran Jrbashyan stressed the importance
    of avoiding politicization of the website to ensure success for
    the project.
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