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ECONOMY MINISTER: ARMENIA TO RECORD 4.4% GDP GROWTH AND ABOUT 6.5% INFLATION IN 2013
YEREVAN, November 27. /ARKA/. Armenia will record a 4.4-percent GDP
growth and about 6.5-percent inflation in 2013, Economy Minister
Vahram Avanesyan told ARKA News Agency on Wednesday.
"According to forecasts, the economic growth will fail to reach the
indicator projected in the 2013 government and will stand at some 4.4
percent, which is lower than the projected indicator by two percentage
points," he said. "Instead, inflation will exceed the projected rate
by 2.5 percentage points."
The minister said that this discrepancy is not surprising, since
it was stated yet several months ago, that it was caused mainly by
the increase in prices for energy resources and that international
experts point out this factor in their reports as well.
According to the International Monetary Fund's latest World Economic
Outlook released in October, GDP growth in Armenia may be recorded
at 4.6% and consumer price index will reach 7% this year.
The World Bank predicts a three-to-four-percent GDP growth for Armenia
in 2013.
In the 2013 government budget, GDP growth is projected at 6.2%,
inflation at 4% (±1.5%).
Armenian President Serzh Sargsyan instructed the government to ensure
a seven-percent economic growth in 2013. ---0----
- See more at:
http://arka.am/en/news/economy/economy_minister_armenia_to_record_4_4_gdp_growth_ and_about_6_5_inflation_in_2013/#sthash.T1af6ATb.dpuf
From: A. Papazian
YEREVAN, November 27. /ARKA/. Armenia will record a 4.4-percent GDP
growth and about 6.5-percent inflation in 2013, Economy Minister
Vahram Avanesyan told ARKA News Agency on Wednesday.
"According to forecasts, the economic growth will fail to reach the
indicator projected in the 2013 government and will stand at some 4.4
percent, which is lower than the projected indicator by two percentage
points," he said. "Instead, inflation will exceed the projected rate
by 2.5 percentage points."
The minister said that this discrepancy is not surprising, since
it was stated yet several months ago, that it was caused mainly by
the increase in prices for energy resources and that international
experts point out this factor in their reports as well.
According to the International Monetary Fund's latest World Economic
Outlook released in October, GDP growth in Armenia may be recorded
at 4.6% and consumer price index will reach 7% this year.
The World Bank predicts a three-to-four-percent GDP growth for Armenia
in 2013.
In the 2013 government budget, GDP growth is projected at 6.2%,
inflation at 4% (±1.5%).
Armenian President Serzh Sargsyan instructed the government to ensure
a seven-percent economic growth in 2013. ---0----
- See more at:
http://arka.am/en/news/economy/economy_minister_armenia_to_record_4_4_gdp_growth_ and_about_6_5_inflation_in_2013/#sthash.T1af6ATb.dpuf
From: A. Papazian