PRESIDENT: ARMENIA HOPES TO RETAIN FAST ECONOMIC GROWTH
ARKA
Dec 2, 2008
YEREVAN, December 2. /ARKA/. Armenia hopes to retain fast economic
growth and low inflation rate despite the global crisis, Armenian
President Serzh Sargsyan said Tuesday at a session of the presidential
committee on atomic energy safety.
He views the current macroeconomic situation as stable and predictable.
The head of state stressed that high capitalization of Armenian banking
system makes it possible to mitigate the outside impact on Armenia.
"We understands that it is impossible to get out of the crisis without
losses, but the losses can be minimized", Sargsyan said.
National Statistical Service of Armenia says that 9.2% economic growth
was recorded in Armenia in Jan/Oct 2008, compared with the same period
of the previous year.
Inflation was recorded at 5.1% in November 2008, compared with
December 2007.
November’s year-on-year inflation was 6.6%.