{"id":106947,"date":"2017-04-10T10:59:16","date_gmt":"2017-04-10T10:59:16","guid":{"rendered":"https:\/\/armbanks.am\/2017\/04\/10\/246152\/"},"modified":"2024-12-15T13:28:48","modified_gmt":"2024-12-15T13:28:48","slug":"central-bank-intends-to-revise-its-outlook-for-economic-growth-in-armenia-in-2017-2019-upward","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/04\/10\/106947\/","title":{"rendered":"Central bank intends to revise its outlook for economic growth in Armenia in 2017-2019 upward"},"content":{"rendered":"

YEREVAN, April 10. \/ARKA\/.<\/strong> The Central Bank of Armenia intends to revise its outlook for economic growth in Armenia in 2017-2019 upward, the pres office of the regulator reported on Friday.<\/p>\n

The central bank\u2019s board decided so at its session held on March 28.<\/p>\n

The regulator says in its news release that the country recorded 0.6% economic growth in 2016 instead of the projected 0.4% mainly because of a worse-than-expected decline in agriculture and construction sectors.<\/p>\n

Nevertheless, the 6.2% economic activity indicator recorded in Jan-Feb 2017 was higher than expected.<\/p>\n

Industry, retail trade, car sales market and services rallied more than other segments of the economy.<\/p>\n

As a result, the economic growth outlook has been revised from 1.9% to 5.2%.<\/p>\n

A 0.9 deflation was placed on record in February 2017 against the 1.4% deflation recorded in the same month a year earlier. As a result, the 12-month inflation stood at 0.2 percent.<\/p>\n

The central bank forecasts that inflation in March will be between 0.2% and 0% instead of the projected 0.4%.<\/p>\n

Taking into account inflation, economic activity and other developments, the central bank intends to revise in May economic growth outlooks for a period between 2017 and 2019 upward and to predict a faster reinstatement of inflation.<\/p>\n

In its monetary policy report for the first quarter, the regulator predicted a 3.2-to-4.4-percent economic growth.<\/p>\n

Economic growth prospects will still heavily depend on the government-run reforms, on the effectiveness of involvement of inside and outside investments and on the amount of the capital spending aimed at improvement of infrastructures.<\/p>\n

In the 2017 government budget, GDP growth is projected at 3.2%. –0—<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Armenia intends to revise its outlook for economic growth in Armenia in 2017-2019 upward, the pres office of the regulator reported on Friday<\/p>\n","protected":false},"author":1,"featured_media":166223,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,15865,12623,13085],"class_list":{"0":"post-106947","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","12":"tag-gdp-growth"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/106947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=106947"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/106947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/166223"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=106947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=106947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=106947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}