Wednesday, February 28 2018 16:21
Karine Melikyan

Central Bank forecasts 17% unemployment rate in 2018

Central Bank forecasts 17% unemployment rate in 2018

ArmInfo. According to the forecasts of the Central Bank of Armenia, the unemployment rate in 2018 will be 17%, followed by an annual decline of 0.3-0.5%. This is noted in the Central Bank's Monetary Policy Program (MCP) for the 1st quarter of 2018, published in late February, where the decline in the unemployment rate is due to the pace of economic development pursued by the Government in the investment promotion policy implemented by the infrastructure reforms.

In 2017, the Central Bank of Armenia forecasted the unemployment rate at 17.9%, followed by a decrease in the medium-term prospect by 0.3-0.5 percentage points annually to 17.4-17.6%. At that time it was also noted that the acceleration of economic growth rates, the government's policy of stimulating investment, and the implementation of infrastructure reforms will help to reduce unemployment.

According to statistical data, in 2016 the unemployment rate in Armenia was 18%, against 18.5% in 2015, 17.6% in 2014, and 16.2% in 2013. In the third quarter of 2017, the unemployment rate in Armenia fell from 17.8% to 16.5%, compared to 18.1% a year earlier.

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.

POST A COMMENT
Input digits     


News
iDram
btn

Exchange rates
07.08.2020
RUB6.58-0.04
USD485.00-0.18
EUR573.17-2.20
GBP634.96-4.31
CAD362.97-2.54
JPY45.91-0.04
CNY69.880.01
CHF530.75-3.71



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000