YEREVAN, April 17. \/ARKA\/. Monetary and Credit Policy of Armenia\u2019s Central Bank for the First Quarter of 2012 Program forecasts growth in the average nominal wages at 4.7% in Armenia.<\/p>\n
This is justified by the sustainable growth of productivity in the private sector, unemployment rate decrease as well as increase in average nominal wages at state-financed organizations, according to the program.<\/p>\n
Average unemployment rate dropped 0.2 p.p. to 6% in the first quarter of this year from the same period a year earlier. This fact will have a positive impact on the amount of nominal wages, according to the source.<\/p>\n
\u201cThe expected tendencies of economic growth in 2012 will foster further need for labor, and thus, the number of unemployed citizens will shrink in the country,\u201d the program says.<\/p>\n
According to CB forecasts, average nominal wage growth rates will hit over productivity rates, that will lead to 3% increase in costs per labor unit.<\/p>\n
Inflation pressure will be registered at 0.2 p.p. level as a result of anticipated economic growth.<\/p>\n
In February 2012 an average nominal wage in Armenia was preliminary registered 114, 719 drams ( 295 dollars, 223 euros or 8,797 rubles), reporting 2.4% rise from January. –0–<\/p>\n","protected":false},"excerpt":{"rendered":"
Monetary and Credit Policy of Armenia\u2019s Central Bank for the First Quarter of 2012 Program forecasts growth in the average nominal wages at 4.7% in Armenia<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[12361,12360,12741,747],"class_list":{"0":"post-36051","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-cba","9":"tag-forecast","10":"tag-wage","11":"tag-747"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/36051","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=36051"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/36051\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=36051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=36051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=36051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}