AMERIABANK: ARMENIA CAN RECORD HIGHER-THAN-EXPECTED ECONOMIC GROWTH IN 2010
ARKA
Feb 26, 2010
YEREVAN, February 26. /ARKA/. Tigran Jrbashyan, development director
of Ameriabank finds the 1.2% economic growth outlook for Armenia in
2010 pessimistic.
He thinks that the economic growth can be far higher.
Jrbashyan told journalists on Friday that Armenia’s economic
development will be contingent on how quick Armenia’s partners will
recover from the crisis.
Oil prices and dollar/euro ratio will influence the development
as well.
That is why it is necessary to take into account the global situation
for making forecasts.
"The latest world outlooks show that the global economy is coming out
of the first stage of the crisis, but there is a threat of a double-dip
crisis. This threat is mainly depend on things in China and on whether
this country will manage to retain the current trend," Jrbashyan said.
He thinks that inflation will be among Armenia’s biggest troubles in
the first half of 2010, and the central bank has already embarked on
relevant monetary policy and has raised refinancing rate.
Jrbashyan said that in the second half of 2010, the impact will
be softer.
In the 2010 state budget, GDP growth is planned at 1.2%.
European Bank for Reconstruction and Development and International
Monetary Fund predict a two-percent economic growth.