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Armenian Economy Grows 9.4 Percent In January And February

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  • Armenian Economy Grows 9.4 Percent In January And February

    ARMENIAN ECONOMY GROWS 9.4 PERCENT IN JANUARY AND FEBRUARY

    ARMENPRESS
    Mar 21 2007

    YEREVAN, MARCH 21, ARMENPRESS: Armenia's economic growth between
    January and February 2007 stood at 9.4%, while the country's GDP
    totaled 186.8 billion drams ($519.1 million), the national statistics
    service said.

    For the period under review, consumer prices rose 5.1%,
    year-on-year. Armenia's industrial product prices were down 0.9%,
    its volume of industrial output was 99%, while its trade totaled 199
    billion drams ($552.6 million), up 51.5% compared to the same period
    in 2006.

    In line with Armenia's 2007 budget, GDP growth is expected at 9%,
    compared with 13.4% in 2006, and inflation at 4%.
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