Economy minister: Armenia to record 4.4% GDP growth and about 6.5% inflation in 2013
27.11.2013,
16:03
Armenia will record a 4.4-percent GDP growth and about 6.5-percent inflation in 2013, Economy Minister Vahram Avanesyan told ARKA News Agency on Wednesday.
YEREVAN, November 27. /ARKA/. Armenia will record a 4.4-percent GDP growth and about 6.5-percent inflation in 2013, Economy Minister Vahram Avanesyan told ARKA News Agency on Wednesday.
“According to forecasts, the economic growth will fail to reach the indicator projected in the 2013 government and will stand at some 4.4 percent, which is lower than the projected indicator by two percentage points,” he said. “Instead, inflation will exceed the projected rate by 2.5 percentage points.”
The minister said that this discrepancy is not surprising, since it was stated yet several months ago, that it was caused mainly by the increase in prices for energy resources and that international experts point out this factor in their reports as well.
According to the International Monetary Fund’s latest World Economic Outlook released in October, GDP growth in Armenia may be recorded at 4.6% and consumer price index will reach 7% this year.
The World Bank predicts a three-to-four-percent GDP growth for Armenia in 2013.
In the 2013 government budget, GDP growth is projected at 6.2%, inflation at 4% (±1.5%).
Armenian President Serzh Sargsyan instructed the government to ensure a seven-percent economic growth in 2013. ---0----
