ThursdayOctober 23
  • USD 409.4
  • EUR 519.45
  • RUB 9.99

IMF reduces economic growth forecast for Armenia

19:20, 27.03.2012 Region: World News, Armenia Theme: Economics

YEREVAN. - The International Monetary Fund (IMF) says economic growth in Armenia will be lower than the expected 3.8%.   

Speaking at the press conference in Yerevan, head of IMF mission to Armenia Mark Horton recalled that the December forecast said it would reach 4%.

He conditioned the lower growth by unfavorable foreign situation, in particular recession in Europe.

The 2012 economic growth was forecasted at 4.2% in the law on state budget.

The IMF is confident that the Central Bank of Armenia will be able to keep inflation at 4%.

Armenia News - NEWS.am

More in topic

Dollar continues to decline in Armenia

The stock exchange trading session closed at AMD 407.25/$1…

Dollar slightly down in Armenia

The stock exchange trading session closed at AMD 407.35/$1…

European Commission to invest €300 billion

To revive the European economy…

Dollar climbs in Armenia

But the euro lost ground in the country…

Armenia and Russia PMs confer on integration processes

“Our countries are very close allies”…

Ambassador: Carrefour to open doors to Armenian consumers this fall

Armenian-French business club held a meeting of the Board of Trustees...

Partner news