International Monetary Fund forecasts 4 percent economic growth for Armenia during 2013-14.

“Growth in Armenia will moderate to about 4 percent during 2013–14 compared with more than 7 percent in 2012, as a return to more normal weather conditions, a slowdown in credit expansion, and a continuation of fiscal consolidation bring the economy back toward trend growth,” reads World Economic Outlook 2013.

Real GDP will make 4.3 and 4.1 percent in 2013 and 2014 respectively. The annual movement in consumer prices for the mentioned years will reach 4.2 and 4.0 percent respectively. The deficit will reduce from 10.6 percent to 9.6 and 8.2 percent. The unemployment rate will fall to 18.5 and 18.0 percent as compared to 19 percent in 2012.

In the Caucasus and central Asia, growth is projected to remain near 6 percent during 2013–14, well in excess of the CIS regional aggregate. Growth will continue to be underpinned by healthy remittance flows from Russia and high commodity (energy and minerals) prices.