Ameriabank: Armenia can record higher-than-expected economic growth in 2010
27.02.2010,
01:25
Tigran Jrbashyan, development director of Ameriabank finds the 1.2% economic growth outlook for Armenia in 2010 pessimistic.
YEREVAN, February 26. /ARKA/. Tigran Jrbashyan, development director of Ameriabank finds the 1.2% economic growth outlook for Armenia in 2010 pessimistic.
He thinks that the economic growth can be far higher.
Jrbashyan told journalists on Friday that Armenia’s economic development will be contingent on how quick Armenia’s partners will recover from the crisis.
Oil prices and dollar/euro ratio will influence the development as well.
That is why it is necessary to take into account the global situation for making forecasts.
“The latest world outlooks show that the global economy is coming out of the first stage of the crisis, but there is a threat of a double-dip crisis. This threat is mainly depend on things in China and on whether this country will manage to retain the current trend,” Jrbashyan said.
He thinks that inflation will be among Armenia’s biggest troubles in the first half of 2010, and the central bank has already embarked on relevant monetary policy and has raised refinancing rate.
Jrbashyan said that in the second half of 2010, the impact will be softer.
In the 2010 state budget, GDP growth is planned at 1.2%.
European Bank for Reconstruction and Development and International Monetary Fund predict a two-percent economic growth.-0--
He thinks that the economic growth can be far higher.
Jrbashyan told journalists on Friday that Armenia’s economic development will be contingent on how quick Armenia’s partners will recover from the crisis.
Oil prices and dollar/euro ratio will influence the development as well.
That is why it is necessary to take into account the global situation for making forecasts.
“The latest world outlooks show that the global economy is coming out of the first stage of the crisis, but there is a threat of a double-dip crisis. This threat is mainly depend on things in China and on whether this country will manage to retain the current trend,” Jrbashyan said.
He thinks that inflation will be among Armenia’s biggest troubles in the first half of 2010, and the central bank has already embarked on relevant monetary policy and has raised refinancing rate.
Jrbashyan said that in the second half of 2010, the impact will be softer.
In the 2010 state budget, GDP growth is planned at 1.2%.
European Bank for Reconstruction and Development and International Monetary Fund predict a two-percent economic growth.-0--
