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.