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ARMENIA SHOULD BE READY FOR RISKY SCENARIOS OF WORLD ECONOMIC DEVELOPMENT - PM
news.am
Sept 14 2011
Armenia
YEREVAN. - Armenia should be ready for more risky scenarios of
world economic development, Armenian PM Tigran Sargsyan said at the
parliament on Tuesday.
Armenian PM stated that the issue is in the centre of the government
and in the focus of the discussion of World Bank and IMF. Currently,
the WB regional director for South Caucasus and the delegation of
the IMF are in Armenia.
"We receive the reports from official representatives of those
organizations about the forecasts of the world economy. Those are used
for macroeconomic forecasts laid in the Armenian budget," PM stated.
According to the international experts, the stagnation period may
still be prolonged. However, the forecasts can change in three months.
Quarterly forecasts of those institutions are changing negatively.
Several scenarios are being elaborated. And Armenia should be ready
for worse scenarios. When the project of the state budget is presented
for the discussion of the parliament, Armenia will represent all
possible scenarios of risks, Armenian MP added.
Sargsyan said that one of the risks is the reduction of capital
inflows and transfers to Armenia. It will mainly refer to commodity
prices and dynamics of oil and gas. The other task is diversification
of economy and dispersal of economic development in other spheres.
Head of the Armenian government said that official statistics shows
that Armenia managed to achieve its goal to some extent and efforts
will be continued on that direction.
news.am
Sept 14 2011
Armenia
YEREVAN. - Armenia should be ready for more risky scenarios of
world economic development, Armenian PM Tigran Sargsyan said at the
parliament on Tuesday.
Armenian PM stated that the issue is in the centre of the government
and in the focus of the discussion of World Bank and IMF. Currently,
the WB regional director for South Caucasus and the delegation of
the IMF are in Armenia.
"We receive the reports from official representatives of those
organizations about the forecasts of the world economy. Those are used
for macroeconomic forecasts laid in the Armenian budget," PM stated.
According to the international experts, the stagnation period may
still be prolonged. However, the forecasts can change in three months.
Quarterly forecasts of those institutions are changing negatively.
Several scenarios are being elaborated. And Armenia should be ready
for worse scenarios. When the project of the state budget is presented
for the discussion of the parliament, Armenia will represent all
possible scenarios of risks, Armenian MP added.
Sargsyan said that one of the risks is the reduction of capital
inflows and transfers to Armenia. It will mainly refer to commodity
prices and dynamics of oil and gas. The other task is diversification
of economy and dispersal of economic development in other spheres.
Head of the Armenian government said that official statistics shows
that Armenia managed to achieve its goal to some extent and efforts
will be continued on that direction.