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%.