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