Armenian central bank projects 4.6-6.1 percent growth for 2019

27.03.2019 17:28
Armenian central bank projects 4.6-6.1 percent growth for 2019

YEREVAN, March 27 / ARKA /. According to Armenian Central Bank’s short-term forecast, in 2019 the country’s economy will expand from 4.6-6.1%.

According to the regulator’s baseline scenario, the projected growth will be driven largely by private consumption.

The Central Bank believes that the contribution of private spending to stimulating economic growth will make 4 pp, to result from private consumption growth of 5.1% and private investment of 0.3.

The regulator said that in the medium term, economic growth will be driven by the expansion of production capacity, the implementation of structural reforms of the government and the expected growth of the economy in the partner countries. The Armenian government’s projection of economic growth for 2019 is 4.9%. --0--


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