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CENTRAL BANK EXPECTS ARMENIA'S ECONOMIC GROWTH IN 2014 TO BE 3.3%-3.6%
YEREVAN, January 12. / ARKA /.Armenia's Central Bank said after
a December 23 Board meeting that the data of 2014 fourth quarter
suggest that the annual economic growth will be within the projected
range of 3.3%-3.6%.
It said also private consumption and private investment trends of
the previous quarter continued in the forth quarter, as remittances
from Armenia's main partner countries continued to drop due to the
slowdown in the Russian economy and the devaluation of the ruble.
According to the regulator, the impact of the fourth quarter fiscal
policy on the aggregate demand was weakly constraining.
It said also inflation in November 2014 was 1.3% versus 0.9% in the
same period last year resulting in a 2.6% 12-month inflation.
Armenia's 2015 state budget projects a 4.1% GDP growth and a 4%
(± 1.5%) inflation.-0-
http://arka.am/en/news/economy/central_bank_expects_armenia_s_economic_growth_in_ 2014_to_be_3_3_3_6_/#sthash.fkGHlF3c.dpuf
YEREVAN, January 12. / ARKA /.Armenia's Central Bank said after
a December 23 Board meeting that the data of 2014 fourth quarter
suggest that the annual economic growth will be within the projected
range of 3.3%-3.6%.
It said also private consumption and private investment trends of
the previous quarter continued in the forth quarter, as remittances
from Armenia's main partner countries continued to drop due to the
slowdown in the Russian economy and the devaluation of the ruble.
According to the regulator, the impact of the fourth quarter fiscal
policy on the aggregate demand was weakly constraining.
It said also inflation in November 2014 was 1.3% versus 0.9% in the
same period last year resulting in a 2.6% 12-month inflation.
Armenia's 2015 state budget projects a 4.1% GDP growth and a 4%
(± 1.5%) inflation.-0-
http://arka.am/en/news/economy/central_bank_expects_armenia_s_economic_growth_in_ 2014_to_be_3_3_3_6_/#sthash.fkGHlF3c.dpuf