Friday, April 29 2011 17:35
Central Bank of Armenia predicts economic growth by 4,1-5,7% in 2011
Arminfo. The Central Bank of Armenia predicts economic growth by 4,1-5,7% in 2011 (with 30% possibility) or by 2,3-8,9% (with 90% possibility).
According to the monetary programme of the Central Bank for 2011, with 30% possibility, in January-June 2011 the economic growth is expected by 3,6-4,4%, in Jan-Sept 2011 by - 4,1-5,2%, and with 90% possibility - by 2,7-6% and 2,7-7,7% respectively. The risks of the economic growth is bilateral and depends on external as well as internal factors.
In the sector of industry in 2011 the added value is expected to grow by 6-8%. This will be chiefly conditioned by the growth in the mining and metallurgical branches in the conditions of preserving of high world prices for base metals, by the growth of food products and drinks production volumes against the background of restoration of the world and local conjecture, etc.
In the building sector, despite the expected acceleration of the growth rates, nevertheless, the true growth of the added value is still low - 2-4%. It will be conditioned by the growth of the building volumes in the sphere of energy, agriculture, transport and communication.
In the sphere of services the true growth of the added value is predicted by 3,5-5,5%, chiefly because of the growth of private and state expenses, which will affect the volumes of commodity circulation and of the given services.
In agriculture the true growth of the added value has been predicted by 7-9%, which will be conditioned by the expected growth in the segments of crop raising and cattle breeding.
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