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Armenia Expects 4.2% Economic Growth Next Year

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  • Armenia Expects 4.2% Economic Growth Next Year

    ARMENIA EXPECTS 4.2% ECONOMIC GROWTH NEXT YEAR

    armradio.am
    19.10.2011 17:51

    Within the framework of the visit to Saint Petersburg Prime Minister
    Tigran Sargsyan participated in the 31st sitting of the Interstate
    Council of the Eurasian Economic Community (EurAzEC) on the level of
    the Heads of Government of the member states.

    Presenting the developments in Armenian economy, PM Tigran Sargsyan
    said "we expect a 4.2% economic growth next year," adding that "the
    government will do its best to ensure a 4.6% economic growth this
    year and maintain the inflation at the level of 5%."

    "Armenia is interested in integration processes within the framework
    of the CIS and the EurAzEC. The new platforms of cooperation will
    boost the economic development in our countries and will help us
    resist the possible challenges to world economy. We are preparing
    resist to the new wave of the crisis by reducing the budget deficit,
    the inflation rate and applying other tools. At the same time we have
    to think of new tools that have not been used before."

    During the sitting the Heads of Government discussed the more than
    ten issues, including the process of implementation of the joint
    anti-crisis program of the EurAzEC member states. Reference was
    made the comparative analysis of the economic development of member
    states, etc.

    The Republic of Armenia participates in the activity of the Eurasian
    Economic Community as an observer.

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