Armenian economy grows 10 percent in 2004: central bank chief

Agence France Presse — English
February 7, 2005 Monday 5:36 PM GMT

YEREVAN Feb 7 — Armenia chalked up economic growth of 10.1 percent
last year and could repeat its strong performance again in 2005,
the central bank’s president said Monday.

“We have not ruled out that the 2004 scenario — economic growth
of 10 percent or more — happens again in 2005” thanks to booming
industrial activity, Tigran Sargassian told journalists.

He also said he was forecasting inflation of three percent this year
compared with two percent in 2004.

–Boundary_(ID_vRFZWQK+eaEDyhxWoOvuxg)–

From: Emil Lazarian | Ararat NewsPress