Mon, 31 March
16.1 C
Yerevan
USD: 391.57 RUB: 4.62 EUR: 423.72 GEL: 141.57 GBP: 506.65
spot_img

Armenian central bank puts 2017 GDP growth at 6.4 percent

YEREVAN, January 17. /ARKA/. Armenia’s Central Bank had revised upward its GDP growth forecast for 2017 to 6.4%, up from its previous forecast of 4.6%. The higher forecast was announced during a meeting of the Central Bank’s Board, held on December 26, 2017, the regulator reported today.

According to Central Bank, the economic activity throughout 11 months of 2017 was driven mainly by industry and services, which grew at high rates. According to statistics, economic activity in the first 11 months of 2017 increased by 7.3% year-on-year.

The Central Bank noted also that in the fourth quarter, the recovery of domestic demand significantly exceeded the expected rates. As a result, private consumption and private investment growth indicators exceeded the expected figures by more than 2%.

The Central Bank noted also that the rapid recovery of domestic demand continued to stimulate the expansionary monetary policy, the relatively low inflation and high growth in remittances.
High domestic demand, in turn was reflected in the growth in imports, trade, lending and natural inflation. -0-

spot_img

POPULAR

Euro decreases by 1.13 drams to AMD 423.89

The average market exchange rate of the U.S. dollar to the Armenian dram on March 25, 2025, totaled 391.8 drams, down 0.03 points compared to March 24.

US dollar to Armenian dram exchange rate remains unchanged

The average market exchange rate of the US dollar to the Armenian dram on March 26, 2025, remained at 391.8 drams, unchanged compared to March 25.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

US Dollar and ruble rise against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram on March 27, 2025, increased by 0.01 points compared to March 26 and amounted to AMD 391.81.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img