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Armenian Economy Grows 8% In Q1

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  • Armenian Economy Grows 8% In Q1

    ARMENIAN ECONOMY GROWS 8% IN Q1

    Interfax News Agency
    Russia & CIS Business and Financial Newswire
    May 10, 2006 Wednesday 10:36 AM MSK

    Armenian GDP grew 8% year-on-year in the first quarter of 2006
    to 266.1455 billion dram (446.91 dram/$1 on May 6), the National
    Statistics Service told Interfax.

    Industrial output fell 4.7% to 137.928 billion dram, but agricultural
    output rose 3.5% to 40.2027 billion dram.

    The budget calls for GDP growth of 7.5% in 2006 as a whole. The
    economy grew 13.9% in 2005.
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