IMF: Economic growth in Armenia to be close to 4% and inflation 6% in 2010

IMF: Economic growth in Armenia to be close to 4% and inflation 6% in 2010
ARKA, 20.05.2010

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. -0-