{"id":87537,"date":"2015-05-12T12:01:33","date_gmt":"2015-05-12T12:01:33","guid":{"rendered":"https:\/\/armbanks.am\/2015\/05\/12\/242855\/"},"modified":"2024-12-15T13:17:55","modified_gmt":"2024-12-15T13:17:55","slug":"two-digit-decline-still-a-threat-for-armenian-economy-newspaper","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/05\/12\/87537\/","title":{"rendered":"Two-digit decline still a threat for Armenian economy \u2013 newspaper"},"content":{"rendered":"

YEREVAN, May 12. \/ARKA\/.<\/strong> A two-digit economic decline is still a threat to the Armenian economy, ex-head of Armenia\u2019s central bank Bagrat Asatryan said in his interview to Zhamanak (Time) newspaper.<\/p>\n

Despite the economic activity growth, deep problems will affect both the economic growth and the economic activity rates, he said.<\/p>\n

Another factor that may lead to a two-digit decline is the 50% reduction in remittances as of the end of the quarter, the economist said, as cited by Zhamanak.<\/p>\n

Investment data remain to be released, but they will point to a decline as well, according to the expert.<\/p>\n

Such decline will indicate a substantial decrease in demand, Bagratyan said.<\/p>\n

According to the newspaper, Armenia\u2019s foreign trade volumes dropped by more than 20%, imports fell by 30.5% and exports declined by about 23%. At the same time, economic activity rose by 2.5% and a negligible increase is recorded in services\u2019 sector.<\/p>\n

Asatryan said reduction of the foreign trade turnover and of the imports by 30.5% in particular, was well predictable, but such a decline in exports could not be foreseen (10-15% reduction was projected in the beginning of the year).<\/p>\n

Imports decline will, not doubt, affect the trade, services and other areas, he said.<\/p>\n

The trends are not that strong right now, but the final picture may be far from being impressive, the ex-head of the central bank said, as cited by the newspaper. \u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

A two-digit economic decline is still a threat to the Armenian economy, ex-head of Armenia\u2019s central bank Bagrat Asatryan said in his interview to Zhamanak (Time) newspaper<\/p>\n","protected":false},"author":1,"featured_media":158548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12172,13922],"class_list":["post-87537","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-economy-en","tag-threat"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t