Armenia to post 4.3% GDP growth in 2014 and 4.5% in 2015 – IMF

Armenia to post 4.3% GDP growth in 2014 and 4.5% in 2015 – IMF

YEREVAN, April 11. /ARKA/. Armenia’s economy growth will reach 4.5% in 2015, said the World Economic Outlook report of the IMF for April.

Inflation, according to the report, is expected at 5% in 2014 and 4% in 2014.

The IMF expects the highest economy growth among CIS countries to be recorded in Turkmenistan – 10.7% (12.5% in 2015) and the lowest in Russia – 1.3% (2.3% in 2015). GDP growth projection for Belarus is 1.6% in 2014 and 2.5% in 2015, for Moldova – 3.5% in 2014 and 4.5% next year, Kyrgyzstan – 4.4% and 4.9% respectively, Georgia and Azerbaijan – 5% each this year and 5% and 4.6% next year respectively. Kazakhstan, Tajikistan and Uzbekistan are expected to post 5.7%, 6.2% and 7% GDP growth this year (6.1%, 5.7% and 6.5% in 2015).

According to the report, the lowest inflation level in CIS in 2014 will be recorded in Azerbaijan – 3.5% (4% in 2015) and the highest in Belarus – 16.8% (15.8% in 2015). Inflation level projections for other CIS countries are as follows: Georgia – 4% in 2014 and 4.6% in 2015, Tajikistan – 5.4% (5.9%), Moldova – 5.5% (5.9%), Turkmenistan – 5.7% (6%), Russia – 5.8% (5.3%), Kyrgyzstan – 6.1% (6.6%), Kazakhstan – 9.2% (7.5%) and Uzbekistan – 11% (no change in 2015).

No information is provided in the report on GDP growth and inflation in Ukraine.

The government budget GDP growth for Armenia for 2014 is 5.2% and inflation is 4% (±1.5%). –0--

12:00 11.04.2014

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