Recovery in Armenia to become visible only in 2011 and 2012

18.03.2010 20:39
Recovery in Armenia to become visible only in 2011 and 2012

YEREVAN, March 18. /ARKA/. Recovery in Armenia will become visible only in 2011 and 2012, Arsen Ghazaryan, chairman of the Union of Manufacturers and Businessmen of Armenia, said Wednesday in Novosti International Press Center.

He said that the country has already started recovering, but this is a complicated process that needs efforts from businessmen and the government.

Ghazaryan said that, taking into account this complicated process of recovery, the government planned relatively slow economic growth in the 2010 state budget.

In his opinion, reversion will be seen only in 2011 and 2012.

In the 2010 state budget, GDP growth is planned at 1.2%.

The European Bank for Reconstruction and Development, the International Monetary Fund and the World Bank predicted a two-percent economic growth for 2010. -0---


Tags: , , Новости Армении АМИ Новости-Армения

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