1.2% ECONOMIC GROWTH IN ARMENIA, MODEST, BUT REAL FIGURE

PanARMENIAN.Net
22.01.2010 14:50 GMT+04:00

/PanARMENIAN.Net/ "1.2 per cent economic growth in Armenia is modest,
but a real figure, although it is difficult to say, will it be reached
or exceeded," head of the OSCE Yerevan office Sergey Kapinos said.

In an interview to PanARMENIAN.Net, he noted that the growth is very
modest, because GDP dropped by 15 per cent in 2009.

According to Sergey Kapinos, in order to mitigate the consequenses
of the severe crisis of the OSCE office has assisted the Government
of Armenia by organizing various forums and bringing international
experts to Armenia. "I think their assessments and solutions are
perceived and the government has mobilized its resources to overcome
the crisis," he said.

Budgeted growth is expected to reach 1,2 per cent, while the inflation
– 4 ± 1,5%.