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Interfax, Russia
Dec 11 2012
IMF forecasts 6% GDP growth in Armenia
YEREVAN. Dec 11
The International Monetary Fund forecasts that the Armenian economy
will expand by just over 6% in 2012 and 4%-4.5% in 2013 amid inflation
of around 4% per year in 2012 and 2013, Guillermo Tolosa, the Resident
IMF Representative in Armenia, said at a press conference Tuesday.
Agriculture, mining and financial mediation have been the main driving
forces behind economic growth in Armenia this year, he said. After a
slump in the last few years due to the global economic crisis,
construction has stabilized and has registered slight growth this
year, Tolosa added.
The rate of GDP growth will slow in 2013 due to unfavourable external
factors and an anticipated slump in agriculture. Weather conditions
were extremely good for agriculture this year and that may not be the
case next year, he said.
Tolosa added that presidential elections in 2013 could also have a
negative impact on economic results.
me
Dec 11 2012
IMF forecasts 6% GDP growth in Armenia
YEREVAN. Dec 11
The International Monetary Fund forecasts that the Armenian economy
will expand by just over 6% in 2012 and 4%-4.5% in 2013 amid inflation
of around 4% per year in 2012 and 2013, Guillermo Tolosa, the Resident
IMF Representative in Armenia, said at a press conference Tuesday.
Agriculture, mining and financial mediation have been the main driving
forces behind economic growth in Armenia this year, he said. After a
slump in the last few years due to the global economic crisis,
construction has stabilized and has registered slight growth this
year, Tolosa added.
The rate of GDP growth will slow in 2013 due to unfavourable external
factors and an anticipated slump in agriculture. Weather conditions
were extremely good for agriculture this year and that may not be the
case next year, he said.
Tolosa added that presidential elections in 2013 could also have a
negative impact on economic results.
me