Economic growth in Armenia in 2016 to be higher than projected in government budget
19.05.2016,
12:31
Economic growth in Armenia in 2016 will be higher than projected in the government budget – it will stand at 3.2%, Vache Gabrielyan, Armenian international economic integration and reforms minister, said Wednesday at a Q&A session in the National Assembly.
YEREVAN, May 19. /ARKA/. Economic growth in Armenia in 2016 will be higher than projected in the government budget – it will stand at 3.2%, Vache Gabrielyan, Armenian international economic integration and reforms minister, said Wednesday at a Q&A session in the National Assembly.
In his words, more favorable developments than expected are already seen.
«Taking into account developments in the economy, particularly increase in exports, we think economic growth in Armenia may be higher than the 2.2% projected in the government budget,» he said.
«If we compare indicators of the first quarter and April, we'll see that the export-import ratio has never been so narrow in Armenia, and this shows that the buildup of exports has produced results.”
Economic growth is expected also in 2017, he said, but it is still difficult to point out particular figures.
According to official reports, economic activity in Armenia rose 5.5% in Jan-March 2016, compared with the same period a year before.
The National Statistical Service says exports totaled $375.9 million in Jan-March 2016 (26.3% year-on-year growth) and imports $621.2 million (15.9% decline). --0----
In his words, more favorable developments than expected are already seen.
«Taking into account developments in the economy, particularly increase in exports, we think economic growth in Armenia may be higher than the 2.2% projected in the government budget,» he said.
«If we compare indicators of the first quarter and April, we'll see that the export-import ratio has never been so narrow in Armenia, and this shows that the buildup of exports has produced results.”
Economic growth is expected also in 2017, he said, but it is still difficult to point out particular figures.
According to official reports, economic activity in Armenia rose 5.5% in Jan-March 2016, compared with the same period a year before.
The National Statistical Service says exports totaled $375.9 million in Jan-March 2016 (26.3% year-on-year growth) and imports $621.2 million (15.9% decline). --0----
