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ADB FORECASTS GDP GROWTH SLOWDOWN IN ARMENIA
PanARMENIAN.Net
April 12, 2012 - 15:27 AMT
PanARMENIAN.Net - Armenia's GDP growth acceleration for 2012-2013
will be restricted by weakening of economies of European countries and
their possible negative impact on Russia, which is the key source of
remittances to the country, according to Asian Development Outlook
annual report published on Asian Development Bank (ADB) official
website.
ADB forecasts up to 3,8% slowdown in GDP growth in 2012 and
acceleration up to 4,2% in 2013.
"Structural political reforms are already implemented with creation
of electronic inventory of property among them. Automated construction
permit will help boost the investment climate," ADB experts say.
"Inflation will drop to 4,1% in 2012 and will rise to 4,5% in 2013,"
they say.
"Continuation of reforms in tax and customs sector and improvement
of business environment will ensure sustainable economic growth and
diversification of economic base, though the products of reforms may
take quite long," the financial institute advises.
PanARMENIAN.Net
April 12, 2012 - 15:27 AMT
PanARMENIAN.Net - Armenia's GDP growth acceleration for 2012-2013
will be restricted by weakening of economies of European countries and
their possible negative impact on Russia, which is the key source of
remittances to the country, according to Asian Development Outlook
annual report published on Asian Development Bank (ADB) official
website.
ADB forecasts up to 3,8% slowdown in GDP growth in 2012 and
acceleration up to 4,2% in 2013.
"Structural political reforms are already implemented with creation
of electronic inventory of property among them. Automated construction
permit will help boost the investment climate," ADB experts say.
"Inflation will drop to 4,1% in 2012 and will rise to 4,5% in 2013,"
they say.
"Continuation of reforms in tax and customs sector and improvement
of business environment will ensure sustainable economic growth and
diversification of economic base, though the products of reforms may
take quite long," the financial institute advises.