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Armenia's Economy Posts 13% Growth In Jan.-Oct. 2006

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  • Armenia's Economy Posts 13% Growth In Jan.-Oct. 2006

    ARMENIA'S ECONOMY POSTS 13% GROWTH IN JAN.-OCT. 2006

    RIA Novosti, Russia
    November 20, 2006

    YEREVAN, November 20 (RIA Novosti) - Armenia posted a 13% GDP growth
    rate in January-October of 2006, as compared with 12.2% a year ago,
    the country's national statistics service said Monday.

    Consumer prices rose over the period by 2.4%, year-on-year, while
    industrial prices dropped 3.1%.

    Foreign trade turnover reached $2.5 billion - a 14.3% increase on
    last year.

    The 2006 budget projects this year's economic growth at 7.5% and
    inflation at 3%.
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