26.05.2015 17:51
YEREVAN, May 26. /ARKA/. The first-quarter economic growth in Armenia will stand between 2.1 and 2.5 percent, the Central Bank of Armenia says in its inflation report based on its monetary policy for the second quarter of this year and the first quarter's results.
The central bank says domestic demand grew more than expected in the first quarter since private consumption was falling slower than before amid low investment activity that was in tune with outlooks.
It particularly applies to the flagging construction and the slowing growth in corporate lending.
According to the central bank's report, private consumption spending will shrink 1.3% and private investments 7.4% in the 1stQ 2015, compared with the 1st Q 2014.
Categories: Economy @en, General news, News, News of the hour | Comments Off on First quarter's economic growth in Armenia to stand at 2.1-2.5% - regulator's forecast
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