Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director

Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director
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Volume/Issue: Volume 2024 Issue 348
Publication date: December 2024
ISBN: 9798400297267
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Finance , Inflation , Public Finance , Revenue administration , Fiscal risks , Financial sector stability , Bank resolution framework , Exchange rates , Inflation , Government debt management , Exports

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Summary

Economic activity remains strong but moderating as transitory trade, remittances, and capital flows peter out. The outlook is positive, with growth expected to reach 6.0 percent in 2024 and to converge gradually to its long-term rate. Inflation has picked up very slowly and is expected to remain below the CBA’s inflation target in the short term, weighed down by low food and energy inflation, dram appreciation, and the lagged effect of tight monetary policy. Geopolitical tensions, a slowdown in main trading partners, and a possible reversal of capital flows remain the main risks to the outlook.

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