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ARMENIA MAY SEE NO ECONOMY GROWTH IN 2015 - EXPERT
YEREVAN, January 22. /ARKA/. Armenia's GDP growth amid the global
developments may be zero in 2015, economist Vilen Khachatryan told
reporters on Thursday.
Even economic decline may be recorded, he said.
The IMF lowered the global growth rate projections from 3.7-3.8%
to 3.5% on January 20.
The most recent EBRD projection for Armenia suggests a zero growth for
2015, compared to 3.5% growth projection in the September report. The
new projection is based on depreciation of the ruble and worsened
economic situation in Russia, according to the report.
Khachatryan said that, according to the IMF, the Russian economy
will see a 3% decline in 2015 and the CIS economy will record 1.4%
reduction as a whole.
Any negative development within the Eurasian Economic Union area
will have impact on Armenia, after the country became an EEU member,
Khachatryan said.
The economist pointed to negative trends within the EU due to worsened
relations with the Muslim world and the Greek factor. A 1.2% growth
is projected for euro zone for 2015, he said.
The expert proposed to improve competitiveness, reduce the country's
dependence on global cooper prices and remittances from Russia, as
well as to reduce migration levels in order to resist the negative
development trends. --0
http://arka.am/en/news/economy/armenia_may_see_no_economy_growth_in_2015_expert/#sthash.TqFnXdEx.dpuf
YEREVAN, January 22. /ARKA/. Armenia's GDP growth amid the global
developments may be zero in 2015, economist Vilen Khachatryan told
reporters on Thursday.
Even economic decline may be recorded, he said.
The IMF lowered the global growth rate projections from 3.7-3.8%
to 3.5% on January 20.
The most recent EBRD projection for Armenia suggests a zero growth for
2015, compared to 3.5% growth projection in the September report. The
new projection is based on depreciation of the ruble and worsened
economic situation in Russia, according to the report.
Khachatryan said that, according to the IMF, the Russian economy
will see a 3% decline in 2015 and the CIS economy will record 1.4%
reduction as a whole.
Any negative development within the Eurasian Economic Union area
will have impact on Armenia, after the country became an EEU member,
Khachatryan said.
The economist pointed to negative trends within the EU due to worsened
relations with the Muslim world and the Greek factor. A 1.2% growth
is projected for euro zone for 2015, he said.
The expert proposed to improve competitiveness, reduce the country's
dependence on global cooper prices and remittances from Russia, as
well as to reduce migration levels in order to resist the negative
development trends. --0
http://arka.am/en/news/economy/armenia_may_see_no_economy_growth_in_2015_expert/#sthash.TqFnXdEx.dpuf