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15:35,
YEREVAN, DECEMBER 14, ARMENPRESS. The Central Bank of Armenia believes that the government will not only increase the economic growth in 2022, but also will raise the potential: 4.2% economic growth for 2021, and 5.3% for 2022, the CBA President Martin Galstyan said at a press conference.
“Certain increase not only in the current spending, but also large-scale state capital investments are expected next year, which, in fact, are based on our economic growth forecast for 2022”, he said.
The Bank’s previous forecast for 2022 was 2.4%. “After the adoption of the budget, when we already have the scenario of capital investments as a law, the state investment program to be implemented by the government, the economic growth will comprise 5.3% as a result of our predictions”, he said.
As for this year’s economic growth forecasts, the CBA chief said: “According to our estimates, our economic growth forecast for the year will be 4.2%”.
As for the inflation rate, the Bank expects that the year will end with 8.4% inflation compared to the current 9.6%.
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2021/12/15/central-bank-forecasts-4-2-economic-growth-for-2021-5-3-for-2022/
