ArmInfo. According to the updated forecast of the Central Bank of Armenia, the unemployment rate in 2017 will be 17.9%, followed by a decrease in the medium-term future by 0.3-0.5 percentage points annually - up to 17.4-17.6%. The updated (November) forecast is given in the Central Bank's Monetary Policy Program (MCP) for the 4th quarter of 2017, where it is noted that the acceleration of economic growth rates, the government's policy of stimulating investment, and implementing infrastructure reforms will help to reduce the unemployment rate.
Meanwhile, the previous forecast of the Central Bank for 2017 provided for the unemployment rate of 18.5% with an annual decline in 2018-2019 by 0.3-0.4 percentage points - to 18-18.2% and 17.6-18% respectively .
It should be noted that in 2016 the unemployment rate in the country was 18% according to official statistics, against 18.5% in 2015, 17.6% in 2014, 16.2% in 2013. In the second quarter of 2017, the unemployment rate in Armenia fell from 19% to 17.8%, compared to 18.4% a year earlier. As of July 1, 2017, the economy of Armenia employed 36.7% of the total population, amounting to 2.980 million people.
Recall that the poverty level in Armenia, according to the forecasts of the World Bank, will decrease in 2017-2018 to 24.1-23.2%, against 24.9% in 2016 and 25.6% - in 2015
