IMF predicts 4-5 percent growth for Armenia in 2014-2015- resident representative

IMF predicts 4-5 percent growth for Armenia in 2014-2015- resident representative

YEREVAN, February 7. / ARKA /. Speaking at a conference on Armenia’s capital market in the resort town of Tsakhkadzor today IMF Resident Representative, Teresa Daban Sanchez, said IMF expects Armenian economy to grow 4-5 percent in 2014-2015.

She said although the past year appeared to be challenging for the country, nonetheless economic indicators were positive thanks largely to macroeconomic stability. 

She also said according to IMF forecasts, the global GDP this year is to grow by 3.7 %; for the United State the IMF projection is 2.8 %, for Russia it is 2% and 1 percent for EU. The projection for the CIS countries is 6.1 %, which means a gradual increase in performance and exit from the crisis, she added.
According to Armenia's state budget for 2014, the GDP is to grow by 5.2 %. The inflation projection is 4 % (± 1.5%).

The focus of the conference in Tsakhkadozr was on Armenia’s capital markets. It was jointly organized by the European Bank for Reconstruction and Development (EBRD) and NASDAQ OMX Armenia, with support from the Central Bank of Armenia. 

The event brought together over 100 participants from private companies, as well as government officials and other stakeholders, to discuss the challenges and opportunities associated with building robust capital markets in Armenia. -0-

18:08 07.02.2014

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