WB PREDICTS 1.5-2% GROWTH IN ARMENIA’S ECONOMY FOR 2010
/PanARMENIAN.Net/
12.06.2009 14:15 GMT+04:00
/PanARMENIAN.Net/ "GDP growth in 2010 is expected to be within the
range of 1.5-2%," Aristomene Vardukis, Head of World Bank’s Yerevan
office, told journalists on Friday. "Based on 2009 results, downfall
in Armenia’s economy will fluctuate between 9-9.5%. Situation will
stabilize during the second half of the year, and by the end of 2010,
we expect GDP growth within the range of 1.5-2%," he said.
World Bank predicts acceleration of economic growth in 2011-12,
however, more precise economic indices will depend upon world economic
situation, Varudikis added.
In January-April 2009, Armenia’s economy recorded 9.7% downfall in
comparison with the same period of the last year.
Disclaimer: This article was contributed and translated into English by Felekian Ara. 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/2009/06/12/wb-predicts-1-5-2-growth-in-armenias-economy-for-2010/