Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director
Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director
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Volume/Issue:
Volume 2024
Issue 348
Publication date: December 2024
ISBN: 9798400297267
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , Public Finance , year-over-year inflation target , end-June headline inflation inflation rate , inflation expectation , preliminary data , Armenia's national assembly , International reserves , Global
Summary
Economic activity remains strong but moderating as transitory trade, remittances, and capital flows peter out. The outlook is positive, with growth expected to reach 6.0 percent in 2024 and to converge gradually to its long-term rate. Inflation has picked up very slowly and is expected to remain below the CBA’s inflation target in the short term, weighed down by low food and energy inflation, dram appreciation, and the lagged effect of tight monetary policy. Geopolitical tensions, a slowdown in main trading partners, and a possible reversal of capital flows remain the main risks to the outlook.
