ArmInfo. Average y-o-y official inflation in Armenia will decrease to 2% in 2023, from 8.6% in 2022, but will then increase to 2.6% in 2024 and 3.5% in 2025. This is noted in the Central Bank's Monetary Policy Program (MPP) for Q4 2023, published at the end of December, where GDP growth expectations for 2023 indicate a less noticeable slowdown in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and 5.7% in 2025.
ArmInfo. The Central Bank of Armenia forecasts a decline in export and import volumes by 9.5% and 7.3% for 2024, after a sharp slowdown in growth in 2023 to 22.1- 30% (from 77.7-63.5% in 2022) . But according to the Central Bank's forecast, both exports and imports will grow by 2.6% and 3.2% in 2025. This is noted in the Central Bank's Monetary Policy Program (MPP) for Q4 2023, published at the end of December, where GDP growth expectations for 2023 indicate a less noticeable slowdown in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and 5.7% in 2025.
ArmInfo. In Armenia, the growth of economic activity in January-November 2023 slowed to 9.4% per annum (from last year's 14.4%), accompanied by a very noticeable slowdown in the upward dynamics of exports and imports.
ArmInfo. In Armenia, the price index of industrial products decreased in January-November 2023 compared to the same period in 2022 to 101.7% from last year's 102.9%. This was observed against the backdrop of a slowdown in annual growth in the industrial sector from 8.4% to 2.1% - to 2.4 trillion drams ($6.2 billion).
ArmInfo. In Armenia, the growth of economic activity in January-November 2023 slowed to 9.4% per annum (from last year's 14.4%), accompanied by a very noticeable slowdown in the upward dynamics of exports and imports.
ArmInfo. In Armenia, the price index of industrial products decreased in January-November 2023 compared to the same period in 2022 to 101.7% from last year's 102.9%. This was observed against the backdrop of a slowdown in annual growth in the industrial sector from 8.4% to 2.1% - to 2.4 trillion drams ($6.2 billion).
ArmInfo. The outflow of private transfers from Armenia continues to grow significantly, while the growth of inflows has sharply stopped.
ArmInfo. The outflow of private transfers from Armenia continues to grow significantly, while the growth of inflows has sharply stopped.
ArmInfo. The International Monetary Fund (IMF) has opened Armenia's access to a loan of approximately $24.4 million (SDR 18.4 million) under the Stand-by Agreement (SBA), bringing the total access amount to approximately $73.3 million (SDR 55.2 million). also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown in 2024 to 5% (as previously expected). In terms of inflation, the IMF points to its rapid decline in Armenia, and predicts a return to the target threshold of 4% by mid-2024 and stabilization near this level.
ArmInfo. The International Monetary Fund (IMF) forecasts per capita GDP growth in Armenia in 2023 to $8,029 (from actual $6,569 in 2022), with further y-o-y increases to $8,352 in 2024 and $8,967 in 2025. IMF reports, also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown to 5% in 2024 and to 4.5% in 2025.