IMF: Economic Growth In Armenia To Be Close To 4% And Inflation 6% I

IMF: ECONOMIC GROWTH IN ARMENIA TO BE CLOSE TO 4% AND INFLATION 6% IN 2010

/ARKA/
May 20, 2010
YEREVAN

Economic growth in Armenia is expected to reach 4% and inflation 6%
in 2010, Mark Lewis, head of the IMF mission in Armenia, said Wednesday
at a news conference in Yerevan.

According to the previous IMF outlook, GDP was expected to grow 1.8%
in 2010 and 3% in 2011. In its World

Economic Outlook, the International Monetary Fund says real economic
growth will reach 4.5% in 2015.

Lewis said that the IMF had reconsidered its outlooks for Armenia,
especially GDP, which would be close to 4% in 2010, and inflation
will reach 6% despite the current downward motion.

As a whole, he said, inflation indicator is in tune with the IMF’s
previous outlooks. Armenia’s GDP growth is planned at 1.2% and
inflation at 4 ±1.5% in the state budget.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS