{"id":249476,"date":"2020-08-14T16:54:32","date_gmt":"2020-08-14T16:54:32","guid":{"rendered":"https:\/\/armbanks.am\/2020\/08\/14\/249476\/"},"modified":"2020-08-14T16:54:32","modified_gmt":"2020-08-14T16:54:32","slug":"armenian-gdp-may-shrink-by-5-or-even-more-in-2020-according-to-minister","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/08\/14\/249476\/","title":{"rendered":"Armenian GDP may shrink by 5% or even more  in 2020, according to minister"},"content":{"rendered":"\n<p><strong>YEREVAN, August 14. \/ARKA\/. <\/strong>According to preliminary estimates, Armenia&#8217;s GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday.<\/p>\n\n\n\n<p>The minister said approximately 40% of the country&#8217;s GDP is generated in the first half of the year, and 60% in the second. He said according to the latest statistical data, in the first half of the year the GDP dropped by 2%.<\/p>\n\n\n\n<p>&#8220;In general, these are preliminary estimates and it is possible that GDP will decrease by 5% or a little more compared to 2019. This indicator is in line with global trends. It is expected that 2021 will be the main year for recovery,&#8221; Khachatryan said.<\/p>\n\n\n\n<p>According to the National Statistical Committee, Armenia&#8217;s economic activity in the first six months of 2020 dropped by 4.7% compared to the same period in 2019. In June 2020 the index dropped by 7.5% from the same month in 2019, but compared to May 2020, the indicator increased by 14.8%.<\/p>\n\n\n\n<p>On April 29, the parliament of Armenia approved a revision of budget indicators to offset the consequences of the COVID-19. The originally projected GDP growth of 4.9% was reduced to 2% Also, the original GDP volume of 7.095 trillion drams was reduced to 6.485 trillion drams and the earlier projected deficit budget of 160.7 billion drams was raised to 324 billion drams. &#8211;0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to preliminary estimates, Armenia&#8217;s GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday<\/p>\n","protected":false},"author":1,"featured_media":157300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12688,12344,12660,15726],"class_list":{"0":"post-249476","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","10":"tag-armenia-analyst-inflation","11":"tag-gdp","12":"tag-shrink","13":"tag-15726"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249476","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=249476"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157300"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=249476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=249476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=249476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}