ArmInfo. The values of the composite leading indicators for Armenia, Belarus and Russia indicate that the economies are between growth phases and slowing economic activity, while the risks are shifted towards lower growth rates. This is evidenced by the values of consolidated coinciding and composite leading indicators, which are calculated in the Eurasian Economic Commission and published by the regular analytical review "Co-existing and advanced indicators for the EEU member states".
As reported in the ECE press release, in general, the level of economic activity in the EEA countries will continue to be above its long-term averages. In addition, these indicators indicate favorable prospects for the development of the EEA member states in the short term. According to analysts of the Eurasian Economic Commission (ECE), in Kazakhstan and Kyrgyzstan, further growth of economic activity should be expected.
The current estimates of the GDP growth rates in January-June 2017 for the corresponding period of 2016 are as follows: Armenia: + 6.1% (according to ECE estimates), Belarus: + 1.0% (according to national statistical offices), Kazakhstan: + 4.2% (according to the Ministry of National Economy of Kazakhstan), Kyrgyzstan: + 6.4% (according to national statistical agencies), Russia: + 1.7% (according to the Ministry of Economic Development of Russia). Consolidated matching indicators are constructed on the basis of GDP data, if necessary, data are used for individual economic activities.
They give an assessment of the relative economic situation of the business cycle. Consolidated leading indicators are built on the basis of specially selected indicators in order to form an idea of the direction of the dynamics of changes in economic activity in the EEA member states in the short term. When building indicators, the approaches used by the Organization for Economic Cooperation and Development are taken into account.