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FINANCE MINISTRY'S FORECAST: ARMENIA'S GDP EXPECTED TO GROW 4.5-4.6% IN 2011
ARKA
Sep 9, 2011
YEREVAN, September 9. /ARKA/. Armenia's gross domestic product is
expected to grow 4.5-4.6% in 2011, and inflation is believed to be no
higher than 5%, Armenian Finance Minister Vache Gabrielyan said Friday.
Presenting the ministry's projections to journalists, he said that
inflation would stay within 4% (±1.5%) range the projected in the
government budget despite this summer's deflation that considerably
weakened the inflationary potential accumulated since the beginning
of this year.
In his opinion, inflation may become cyclic in autumn months, and
this will make it possible to record the indicator projected in the
government budget.
National Statistical Service of Armenia says 4.8% year-on-year
inflation was recorded in the country in August 2011. This inflation
rate was mainly due to 6.9% increase in food, alcohol and tobacco
prices and 3% rise in nonfood prices.
According to officials statistical reports, 0.2% deflation was recorded
in August, compared with December 2010.
ARKA
Sep 9, 2011
YEREVAN, September 9. /ARKA/. Armenia's gross domestic product is
expected to grow 4.5-4.6% in 2011, and inflation is believed to be no
higher than 5%, Armenian Finance Minister Vache Gabrielyan said Friday.
Presenting the ministry's projections to journalists, he said that
inflation would stay within 4% (±1.5%) range the projected in the
government budget despite this summer's deflation that considerably
weakened the inflationary potential accumulated since the beginning
of this year.
In his opinion, inflation may become cyclic in autumn months, and
this will make it possible to record the indicator projected in the
government budget.
National Statistical Service of Armenia says 4.8% year-on-year
inflation was recorded in the country in August 2011. This inflation
rate was mainly due to 6.9% increase in food, alcohol and tobacco
prices and 3% rise in nonfood prices.
According to officials statistical reports, 0.2% deflation was recorded
in August, compared with December 2010.