IMF: PACE OF ECONOMIC GROWTH TO BE LOWER IN DEVELOPED COUNTRIES

PanARMENIAN.Net
May 19, 2010 – 18:41 AMT 13:41 GMT

Chief of the IMF Mission to Armenia, Mr. Mark Lewis said that
the rehabilitation of the world economy will proceed differently,
depending on the region.

"There is a possibility that the pace of economic growth will be
slower in developed countries, as compared with developing countries,"
Mr. Lewis told a press conference in Yerevan.

"As for the global financial sector, which has been deeply affected
by the crisis, the situation has improved here, but has not reached
the pre-crisis level," he said. "Crediting of the private sector has
decreased in various countries, it means that the financial sector
needs assistance."

Besides, Mr. Lewis voiced concern over sharp unemployment increase
in developed countries.