FORMER ARMENIAN PRIME MINISTER DOWNPLAYS GOVERNMENT’ PROJECTION OF 1.2 % ECONOMIC GROWTH
ARKA
Feb 24, 2010
YEREVAN, February 24, /ARKA/. A former Armenian prime minister
downplayed today the government’ projection of a 1.2 % economic growth
this year. Speaking at a news conference Hrant Bagratian, who served as
prime minister in ex-president Levon Ter-Petrosian’s administration,
said the real GDP will not grow this year and the projected 1.2%
growth will be pictured by the authorities.
The IMF and EBRD have projected a 2% GDP growth for Armenia this year.
Bagratian claimed also that the authorities will post an understated
inflation rate for the full year, which he said will be 10%.
According to the government budget, the inflation this year will be
4 ±1,5%. The IMF projected a 6% inflation. According to the official
figures, Armenian economy declined last year by 14.4%.
Disclaimer: This article was contributed and translated into English by Virabian Jhanna. 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/2010/02/25/former-armenian-prime-minister-downplays-government-projection-of-1/