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WB EXPECTS POSITIVE TRENDS IN ARMENIAN ECONOMY EARLY IN 2010
ARKA
June 5, 2009
YEREVAN, June 5. /ARKA/. The World Bank (WB) expects positive trends in
the Armenian economy early in 2010, Head of the WB office in Yerevan
Aristomene Varoudakis told reporters.
He pointed out that the WB expects economic stabilization in Armenia
late this year and positive trends early next year.
Varoudakis pointed out that any forecasts of the development of
the global crisis are difficult to make. He said that the WB sees
hope-inspiring trends in the Armenian economy despite a decline of 9.7%
during the first four months.
The US economy is stabilizing, the global economic situation is
improving, the access to financial markets for developing countries is
easier, oil prices rose 6.6%, which is beneficial for some countries,
especially for Russia, which, in turn, will cause an increase in
transfers to Armenia, Varoudakis said.
An economic decline of 9.7% was registered in Armenia this
January-April as compared with the corresponding period last year. The
GDP totaled 638,939.3mln AMD, GDP deflator was 101.8% as compared
with the corresponding period last year.
ARKA
June 5, 2009
YEREVAN, June 5. /ARKA/. The World Bank (WB) expects positive trends in
the Armenian economy early in 2010, Head of the WB office in Yerevan
Aristomene Varoudakis told reporters.
He pointed out that the WB expects economic stabilization in Armenia
late this year and positive trends early next year.
Varoudakis pointed out that any forecasts of the development of
the global crisis are difficult to make. He said that the WB sees
hope-inspiring trends in the Armenian economy despite a decline of 9.7%
during the first four months.
The US economy is stabilizing, the global economic situation is
improving, the access to financial markets for developing countries is
easier, oil prices rose 6.6%, which is beneficial for some countries,
especially for Russia, which, in turn, will cause an increase in
transfers to Armenia, Varoudakis said.
An economic decline of 9.7% was registered in Armenia this
January-April as compared with the corresponding period last year. The
GDP totaled 638,939.3mln AMD, GDP deflator was 101.8% as compared
with the corresponding period last year.