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Armenian Economy Minister Forecasts 5% Economic Growth

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  • Armenian Economy Minister Forecasts 5% Economic Growth

    ARMENIAN ECONOMY MINISTER FORECASTS 5% ECONOMIC GROWTH

    news.am
    Dec 2 2011
    Armenia

    YEREVAN.- The GDP growth will make about 5% in Armenia in a year
    interval, Economy Minister Tigran Davtyan told journalists on Friday.

    The 2011 state budget envisages 4.6% GDP growth in Armenia.

    According to Davtyan, economic growth has been largely achieved through
    the real sector of economy. Thus, industrial growth will make 12-13%,
    exports will increase by 20-25%, growth in tourism and agriculture
    is registered.

    "Only the construction rate is reducing. I believe it is not a
    negative phenomenon, since it leads to a smoothing of GDP imbalance,"
    said Davtyan.

    He also expressed assertion that the anti-crisis measures in Europe
    and the U.S. will yield results and it will be possible to avoid the
    second wave of the global crisis.

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