Friday, 07, May, 2021

Fiscal stimulus package and the effects of relative easing of monetary conditions in 2020 will help support economic activity in the first half of 2021 on the demand side, the Central Bank noted.

While, the real GDP growth in 2021 is projected at 4.5-5.5%.

"The structural changes and economic reforms in the real sector of the economy aimed at developing competition, improving the investment climate and infrastructure will be the main drivers of the economy in 2021 and the following years," the Central Bank added.

According to estimates, the volume of credit investments in the economy in 2021 will be proportional to the growth of the nominal GDP - in the range of 16-20%.

Taking into account the invariability of regulated prices and the balance of inflation factors, inflation is expected to further decline to 9.0-10.0% by the end of 2021.

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