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Domestic demand in Armenia expected to regain momentum in 2016 - regulator

03.06.2016 13:59

Domestic demand in Armenia expected to regain momentum in 2016 - regulator

YEREVAN, June 3. /ARKA/. Domestic demand in Armenia is expected to regain momentum in 2016, the Central Bank of Armenia forecasts in its report on its monetary policy for the second quarter 2016 and its first quarter performance.

“A gradual recovery of domestic demand is expected in 2016, but it will be lower than its balanced indicator so far,” the regulator says in its report.

According to the central bank’s forecast, the flow of money transfers from Russia, Armenia’s key trade partner, will continue dwindling in 2016, but the decline will be not so sharp as in 2015 and will stand at 6 to 8 percent.

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