FINANCE MINISTER SAYS ECONOMY MAY GROW BEYOND PROJECTED 1.2% NEXT YEAR
ARKA
Oct 28, 2009
YEREVAN, October 28, /ARKA/. Armenian Finance Minister Tigran Davtian
said today the economy may show a bigger growth next year and exceed
the projected 1.2%.
"In our next year’s budget we have projected a cautious 1.2% growth.
But I do not rule out that under the most optimistic scenario the
GDP may show a bigger growth,’ he said to a news conference.
According to the minister, the economy began to growth since August.
In September it grew by 4.8% against August and this trend goes on,
although, he said, the growth was seasonal.
"Therefore, we have a textbook option-crisis-stabilization- anticipated
growth,’ he concluded.
Under the 2010 draft budget, the economy is projected to show a 1.3%
growth. The aggregate GDP is projected at 3 trillion and 214 billion
Drams. ($1 – 385.08 Drams).
Disclaimer: This article was contributed and translated into English by Jalatian Sonya. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2009/10/29/finance-minister-says-economy-may-grow-beyond-projected-1-2-next-ye/