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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.
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.