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The International Monetary Fund forecasts 3.5 percent economic growth in Armenia in 2017, the World Economic Outlook report shows.

The inflation by the end of 2017 will make 2.1 percent.

The GDP growth in 2018 is projected at 2.9 percent with inflation making 4 percent by the end of the year.

Overall, the report says that the global upswing in economic activity is strengthening, with global growth projected to rise to 3.6 percent in 2017 and 3.7 percent in 2018.

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