Lev7 Posted June 19, 2006 Report Share Posted June 19, 2006 More than 10% growth of economy will be observed in Armenia in 2006-2007, Rodrigo de Rato, IMF Director-Manager told a press conference in Yerevan. In his words, IMF underestimated the pace of economic development in Armenia while forecasting GDP growth of 6-8%. Being without natural resources, Armenia reached high economic indicators which testifies about the effectiveness of its economy. "Compared to other regional countries Armenia is developing much faster," he stressed. In the opinion of IMF Director-Manager, growth of more than 10% and low level of inflation are indicators which can serve as basis for further stable growth of the Armenian economy. Rodrigo de Rato also noted that the reforms implemented in the country are directed to bringing the legislation of Armenia in compliance with EU standards which makes it possible for the country to compete in the world. GDP growth of 13.9% was reported in Armenia in 2005 against 10.1% in 2004. Quote Link to comment Share on other sites More sharing options...
Takoush Posted June 19, 2006 Report Share Posted June 19, 2006 Lev or Levon; this sure seems to be some good news coming from Armenia, heh? I feel better already after hearing this good news. Quote Link to comment Share on other sites More sharing options...
phantom22 Posted June 19, 2006 Report Share Posted June 19, 2006 Hopefully this rate of economic growth will filter to the rural areas where the people are truly suffering. It is noteworthy that this growth is occuring despite Azeri and Turkish efforts to destroy the Armenian economy. More than 10% growth of economy will be observed in Armenia in 2006-2007, Rodrigo de Rato, IMF Director-Manager told a press conference in Yerevan. In his words, IMF underestimated the pace of economic development in Armenia while forecasting GDP growth of 6-8%. Being without natural resources, Armenia reached high economic indicators which testifies about the effectiveness of its economy. "Compared to other regional countries Armenia is developing much faster," he stressed. In the opinion of IMF Director-Manager, growth of more than 10% and low level of inflation are indicators which can serve as basis for further stable growth of the Armenian economy. Rodrigo de Rato also noted that the reforms implemented in the country are directed to bringing the legislation of Armenia in compliance with EU standards which makes it possible for the country to compete in the world. GDP growth of 13.9% was reported in Armenia in 2005 against 10.1% in 2004. Quote Link to comment Share on other sites More sharing options...
Lev7 Posted June 19, 2006 Author Report Share Posted June 19, 2006 Lev or Levon; this sure seems to be some good news coming from Armenia, heh? I feel better already after hearing this good news. Levon, Anahid jan sure is good news Quote Link to comment Share on other sites More sharing options...
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