Economic Activity in Q3 Exceeds Expectations, According to Armenian Central Bank

Central Bank of Armenia

YEREVAN (ARKA)””Economic activity in Armenia in third fiscal quarter grew at a rate higher than expected, driven primarily by supply factors, the Central Bank of Armenia said today.

According to the regulator, expansionary fiscal policy has contributed to some recovery in domestic demand, which has offset the deflationary environment to a certain extent.

“Supply and demand-related developments have led to an accelerated rate of net exports, which significantly improved the external balance of the country,”