Economy showing more positive development trends compared to Central Bank’s forecasts – CBA chief

15:57, 4 May, 2021

YEREVAN, MAY 4, ARMENPRESS. Compared to the last forecast made by the Central Bank of Armenia, the country’s economy is showing more positive development trends, CBA President Martin Galstyan said during a press conference today.

“One thing is clear to us that compared to the previous forecasts, the economy is showing more positive development tendencies”, he said.

During a press conference held in March, the CBA President stated that they have revised and lowered the economic growth rate for 2021 from 2% to 1.4%.

Editing and Translating by Aneta Harutyunyan

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS