Mon, 28 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian central bank to revise upward its growth forecast

YEREVAN, August 2. /ARKA/.  Armenia’s Central Bank will revise upwards its earlier made growth forecast for 2022, deputy chairman of the regulator Nerses Yeritsyan told a press conference today

“Obviously, there will be an upward revision if there are no unexpected developments in the external sector,” he said. Yeritsyan added that specific figures will be presented in September.

Armenian government’s growth projection for this year is 7% and the inflation is set at 4% (±1.5%). Armenia’s GDP in the first half of 2022 grew at a rate of 11.8% compared to the same period in 2021.

This past June, the Central Bank had already revised upwards it earlier made growth forecast of 1.6% to 4.9%.

Yeritsyan said also that the yearend inflation is predicted to be 8.5%. He added that Armenia had the lowest inflation of 10.3% across the region in late June. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img