Monday, June 16 2014 18:55

Armenia's Central Bank reduces export growth outlook for 2014 to 5.5-7.5%


ArmInfo. Armenia's Central Bank has reduced its export growth outlook for 2014 from 11-13% to 5.5-7.5%.

The import growth outlook has been reduced from 3-5% to 2-4%.

As a result, the share of the current account deficit in the GDP grew to 7.5-8.5% (against earlier drop to 7-8%).

According to the National Statistical Service of Armenia, in 2013 Armenia's foreign trade made up $6bln (2.4tln AMD), wherein exports made up $1.5bln (606bln AMD) and imports $4.5bln (1.8tln AMD). As a result, trade deficit made up $3bln (1.226tln).
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