Economic activity in Armenia expected to keep growing in 2nd Q 2017 – Eurasian Development Bank

09.06.2017 16:33
Economic activity in Armenia expected to keep growing in 2nd Q 2017 – Eurasian Development Bank

YEREVAN, June 9. /ARKA/. The dynamics of indicators gives the Eurasian Development Bank’s analysts grounds for forecasting short-term favorable prospects for Armenia’s economy.

In their monthly report, they say that economic activity will continue growing in Armenia in the second quarter 2017.

They pointed out the increase of resident private companies’ deposits in the national currency and copper export values expressed in prices as key factors of these positive dynamics.

As a constraining factor, they pointed out the dynamics of consumer loans in foreign currencies.

According to the National Statistical Service of Armenia, Armenia’s economic activity growth stood at 3.4% in April 2017 against 6.4% in January. ---0----


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