GDP to reduce 5% in Armenia in 2009
24.04.2009,
00:58
The Gross Domestic Product (GDP) is to reduce by 5% in Armenia this year, says the report of the International Monetary Fund on prospects of world economic development in April 2009.
YEREVAN, April 23. /ARKA/. The Gross Domestic Product (GDP) is to reduce by 5% in Armenia this year, says the report of the International Monetary Fund on prospects of world economic development in April 2009.
0% economic growth is expected in the country in 2010, the IMF experts say.
According to the report, a 3.4% reduction in GDP is expected in Moldova. The IMF forecasts GDP growth in some CIS countries – Uzbekistan (7%), Tajikistan (2%), Georgia (1%) and Kyrgyzstan (0.9%).
Consumer prices are to grow by 3.6% in Armenia in 2009 and by 7.2% in 2010.
The lowest growth of consumer prices among CIS countries is to be recorded in Moldova – 2.6% in 2009 and 4.7% in 2010.
Highest growth of consumer prices is expected in Uzbekistan – 12.5% in 2009 and 9.5% in 2010.
The report also says that the global economy is in deep recession due to a large-scale financial crisis and dramatic decline in confidence. Yet, economic decline rates are expected to slow down as from the second quarter.
Global production output is to reduce by 1.3% in 2009 and to then gradually grow by 1.9% throughout 2010.
According to the revised program of the Central Bank of Armenia (CBA) on monetary and credit policy for the first quarter 2009, the GDP is to decline by 3% in real terms in Armenia in 2009. Inflation is expected to be 5.9% in Armenia by the end of 2009.
According to the state budget of Armenia, 9.2% GDP growth is expected in 2009. –0--
0% economic growth is expected in the country in 2010, the IMF experts say.
According to the report, a 3.4% reduction in GDP is expected in Moldova. The IMF forecasts GDP growth in some CIS countries – Uzbekistan (7%), Tajikistan (2%), Georgia (1%) and Kyrgyzstan (0.9%).
Consumer prices are to grow by 3.6% in Armenia in 2009 and by 7.2% in 2010.
The lowest growth of consumer prices among CIS countries is to be recorded in Moldova – 2.6% in 2009 and 4.7% in 2010.
Highest growth of consumer prices is expected in Uzbekistan – 12.5% in 2009 and 9.5% in 2010.
The report also says that the global economy is in deep recession due to a large-scale financial crisis and dramatic decline in confidence. Yet, economic decline rates are expected to slow down as from the second quarter.
Global production output is to reduce by 1.3% in 2009 and to then gradually grow by 1.9% throughout 2010.
According to the revised program of the Central Bank of Armenia (CBA) on monetary and credit policy for the first quarter 2009, the GDP is to decline by 3% in real terms in Armenia in 2009. Inflation is expected to be 5.9% in Armenia by the end of 2009.
According to the state budget of Armenia, 9.2% GDP growth is expected in 2009. –0--
