Macroeconomic indicators to exceed planned level

Macroeconomic indicators to exceed planned level
ARKA, 24.05.2010

Buoyed by ongoing economic recovery that accelerated in April with GD P increasing by 7.2 percent year on year during the first four months of this year, Armenian prime minister Tigran Sarkisian said the government is very likely to revise upward its earlier predicted microeconomic indicators and forecasts for 2010.

Speaking to journalists after a meeting of CIS prime ministers in Russian Saint Petersburg last weekend, he recalled that the IMF ahs also revised upward its forecast of global economic recovery trends. He said this will create a good condition for Armenia to boost its economy.

The IMF has revised its economic growth forecast for Armenia for 2001 from 1.8% to 4%. Tigran Sarkisian said the recovering Russian economy, forecasted to go up by 6% this year, is a another guarantee that Armenian economy will continue to grow.
According to government data, Armenian economy contracted by 14.4 percent in 2009 after more than a decade of robust growth. -0-