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IMF FORECASTS ARMENIAN ECONOMY GROWTH STARTED 2011
ArmInfo
2009-05-11 17:30:00
ArmInfo. By the latest forecasts of the International Monetary Fund,
growth of Armenia's economy should be expected started 2011, after
a zero GDP indicator in 2010, IMF Mission Chief for Armenia Mark
Lewis said during presentation of the report on a topic "Armenian
and Regional Economy Outlook" on Monday and Yerevan.
According to him, the greatest economy fall in Armenia in 2009 (-5%)
is expected in the region of Caucasus and Central Asia. Earlier, in
February, IMF forecasted GDP fall in Armenia in 2009 by 1,5%. M. Lewis
also said such a slump has been conditioned, first of all, by reduction
of construction volumes due to reduction of demand for housing in
the conditions of the global economic crisis and vast reduction of
nonferrous metals' export in view of drop of their world prices. The
expert said the current negative tendencies may cause economic
depression in Armenia.
By IMF forecasts, the annual average inflation in Armenia in 2009
will make up 3,6% against the earlier forecasted 4,5%, and it will
grow by 7,2% in 2010.
ArmInfo
2009-05-11 17:30:00
ArmInfo. By the latest forecasts of the International Monetary Fund,
growth of Armenia's economy should be expected started 2011, after
a zero GDP indicator in 2010, IMF Mission Chief for Armenia Mark
Lewis said during presentation of the report on a topic "Armenian
and Regional Economy Outlook" on Monday and Yerevan.
According to him, the greatest economy fall in Armenia in 2009 (-5%)
is expected in the region of Caucasus and Central Asia. Earlier, in
February, IMF forecasted GDP fall in Armenia in 2009 by 1,5%. M. Lewis
also said such a slump has been conditioned, first of all, by reduction
of construction volumes due to reduction of demand for housing in
the conditions of the global economic crisis and vast reduction of
nonferrous metals' export in view of drop of their world prices. The
expert said the current negative tendencies may cause economic
depression in Armenia.
By IMF forecasts, the annual average inflation in Armenia in 2009
will make up 3,6% against the earlier forecasted 4,5%, and it will
grow by 7,2% in 2010.