Finance minister says economy may grow beyond projected 1.2% next year
29.10.2009,
00:21
Armenian Finance Minister Tigran Davtian said today the economy may show a bigger growth next year and exceed the projected 1.2%.
YEREVAN, October 28, /ARKA/. Armenian Finance Minister Tigran Davtian said today the economy may show a bigger growth next year and exceed the projected 1.2%.
“In our next year’s budget we have projected a cautious 1.2% growth. But I do not rule out that under the most optimistic scenario the GDP may show a bigger growth,’ he said to a news conference.
According to the minister, the economy began to growth since August. In September it grew by 4.8% against August and this trend goes on, although, he said, the growth was seasonal.
“Therefore, we have a textbook option-crisis-stabilization- anticipated growth,’ he concluded.
Under the 2010 draft budget, the economy is projected to show a 1.3% growth. The aggregate GDP is projected at 3 trillion and 214 billion Drams. ($1 – 385.08 Drams). -0-
“In our next year’s budget we have projected a cautious 1.2% growth. But I do not rule out that under the most optimistic scenario the GDP may show a bigger growth,’ he said to a news conference.
According to the minister, the economy began to growth since August. In September it grew by 4.8% against August and this trend goes on, although, he said, the growth was seasonal.
“Therefore, we have a textbook option-crisis-stabilization- anticipated growth,’ he concluded.
Under the 2010 draft budget, the economy is projected to show a 1.3% growth. The aggregate GDP is projected at 3 trillion and 214 billion Drams. ($1 – 385.08 Drams). -0-
