IMF REVISES ECONOMIC GROWTH FORECAST FOR ARMENIA IN 2010 FROM 1.8% TO 4.5%
ArmInfo
2010-05-19 15:50:00
ArmInfo. The International Monetary Fund has revised the economic
growth forecast for Armenia for 2010 to 4.5%, says Mark Lewis, Head of
the IMF Mission to Armenia. The new forecast was made after the visit
of the IMF Mission to Armenia on May 6-19. The previous forecast on
Armenia published in the World Economic Outlook in April envisaged
1.8% GDP growth. Inflation forecast for 2010 has changed as compared
to April and totaled 6.8%. Budget deficit will be a little more than
5%, Mark Lewis says.
To recall, in his speech after the visit of the IMF Mission to Armenia,
M. Lewis highlighted gradual economic recovery, growth of foreign
financial flows and improvement of the state fiscal system in Armenia.