«Minuses Outweigh Pluses»: Armenia's Economic Indicators as of January 2021

Armenia's economic indicators as of January 2021 are as follows:

• Economic Activity – decline of -7.5%
• Industry – decline of -10.8%
• Construction – growth of 0.8%
• Trade – decline of -15.1%
• Services – decline of -10.3%
• Inflation – 4.5% largely driven by the depreciation of the exchange rate (supply-induced inflation)
• Average Monthly Salaries – decline of -3.8%
• External Trade Volume – decline of -16.8%
• Exports – decline of -11.3%
• Imports – decline of -20%