Business

Armenia’s central bank forecasts continued growth for 2019

Armenia

The Central Bank of Armenia (CBA) has said that it expects the Armenian economy to grow between 4.6 and 6.1 per cent in 2019, with private consumption predicted to make the largest contribution to the economy’s expansion.

However, CBA president Artur Javadyan said that the central bank expected a more modest growth in investments compared to the previous year, adding that “the impact of export and fiscal policy on economic growth will be restraining to some extent”, conditioned by the growth rates of imports in line with exports, as well as the decline of Armenia’s budget deficit.

Source: emerging-europe

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