IMF FORECASTS 4% GDP GROWTH AND 6% INFLATION IN ARMENIA BY YEAREND

PanARMENIAN.Net
May 19, 2010 – 16:12 AMT 11:12 GMT

Chief of the IMF Mission to Armenia, Mr. Mark Lewis said that due to
high rates of economic growth in Armenia over the first three months,
the IMF has reviewed its forecasts for the country’s GDP, predicting 4%
growth in it.

Besides, 6% inflation will be recorded in Armenia in 2010, Mr. Lewis
told a press conference in Yerevan.

As for the budget deficit, he stressed that revenues of the state
budget will increase this year, which will allow securing a lower
level of deficit.

Earlier, the IMF predicted 1.8% GDP growth and 6.2% inflation in
Armenia by the end of 2010.

The 2010 national budget envisages 1.2%economic growth and – 4 ± 1.5%
inflation in Armenia.