EBRD Forecasts 4,5% Economic Growth For Armenia

EBRD FORECASTS 4,5% ECONOMIC GROWTH FOR ARMENIA

PanARMENIAN.Net
July 19, 2012 – 16:38 AMT

PanARMENIAN.Net – European Bank for Reconstruction and Development
(EBRD) reviewed the forecasts for Armenia’s economic growth, EBRD
Resident Office in Yerevan said.

“Increase in forecasts for Armenia was conditioned by more optimistic
prediction on the economy of partner countries, particularly that
of Russia,” Valeriu Razlog told a PanARMENIAN.Net reporter, deeming
the new forecast at the level of 4-4,5% based on 2012 outcomes as
a product of anti-crisis fiscal policy by Armenian government and
monetary policy by the Central Bank of Armenia.

Mr. Razlog further noted that EBRD will follow both domestic and
international developments.