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EBRD corrects Armenia’s 2007 economic growth indicator

26.02.2008, 04:07
European Bank for Reconstruction and Development corrects Armenia’s economic growth indicator for 2007.
YEREVAN, February 25. /ARKA/. European Bank for Reconstruction and Development corrects Armenia’s economic growth indicator for 2007.

EBRD Yerevan office says in the press release sent Monday to Novosti-Armenia News Agency that the bank voices regret at the inaccuracy made in its report – 8.5% GDP growth was mentioned instead of 13.8%.

According to the press release given to media outlets on Monday, during the EBRD report presentation in Yerevan, expected real GDP growth is 8.5% in 2007 against 13.4% in 2006.

Official figures show that 13.7% economic growth was recorded in Armenia in 2007, compared with 2006.

GDP totaled 3139353.9 million (in current prices) in 2007.

GDP index deflator was recorded at 103.9% and per-capita GDP $2844 in 2007.

Ten-percent economic growth is planned for 2008.-0---