IMF: ECONOMIC GROWTH IN ARMENIA TO BE CLOSE TO 4% AND INFLATION 6% IN 2010
/ARKA/
May 20, 2010
YEREVAN
Economic growth in Armenia is expected to reach 4% and inflation 6%
in 2010, Mark Lewis, head of the IMF mission in Armenia, said Wednesday
at a news conference in Yerevan.
According to the previous IMF outlook, GDP was expected to grow 1.8%
in 2010 and 3% in 2011. In its World
Economic Outlook, the International Monetary Fund says real economic
growth will reach 4.5% in 2015.
Lewis said that the IMF had reconsidered its outlooks for Armenia,
especially GDP, which would be close to 4% in 2010, and inflation
will reach 6% despite the current downward motion.
As a whole, he said, inflation indicator is in tune with the IMF’s
previous outlooks. Armenia’s GDP growth is planned at 1.2% and
inflation at 4 ±1.5% in the state budget.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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.
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