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    Emil Lazarian
  • 2 years ago
    • Categories: 2023

Armenia gets highest economic growth projection in the region from IMF

 14:12,

YEREVAN, OCTOBER 11, ARMENPRESS. The International Monetary Fund (IMF) has forecasted Armenia’s economic growth in 2023 to comprise 7% instead of its previous projection of 5,5% made in April this year.

The 7% growth projection is the highest forecast among all regional countries. The IMF predicts Georgia to have 6,2% growth in 2023 and 4,8% growth in 2024, and Azerbaijan only 2,5% this year. The IMF’s growth projections for Turkey and Iran for 2023 are 4% and 3%, and 3% and 2,5% for 2024.

The new report issued by the IMF forecasts 5,5% growth in Armenia in 2024.

The Armenian Central Bank’s latest projection said the country’s economic growth would comprise 7,2% in 2023.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS