Finance ministry expects slight decline in economic activity in next months

Finance ministry expects slight decline in economic activity in next months

YEREVAN, June 16. /ARKA/. Armenian finance minister Vardan Aramyan said today that no significant decline in economic activity is expected in the coming months, recalling that in the first quarter the economy expanded by 6.5%, being driven by industry, services and trade.

"This is a good indicator for the first quarter, especially given the fact that the annual GDP growth rate is projected by the government at 3.2%," Aramyan said. The minister stressed also that the economic activity index in January-April amounted to 5.7%. Aramyan said that growth was backed by a 2.4% rise in industrial output and a 4.5% growth in services, while agriculture and construction sectors again showed decline.

He also noted that exports continue to show a predominant growth over imports, in particular, in the first five months, exports grew by 16%, and imports  by 14%.

The government GDP growth projection for 2017 is 3.2%. It also predicts 4% (± 1.5%) inflation. -0-


19:20 16.06.2017





 

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