World Bank official says Armenian GDP may grow this year by 4-5 percent

07.07.2011 16:06
World Bank official says Armenian GDP may grow this year by 4-5 percent

YEREVAN, July 7. / ARKA /. A senior World Bank representative said today Armenian economy may expand this year as much as 4%-5% if not affected by an external turmoil.

Speaking at a news conference head of World Bank Yerevan Office, Jean-Michel Happi, recalled that Armenia registered a 2.6% GDP growth last year, which he said gives hopes that the figure may rise this year as well.

"We expect economic growth in Armenia to continue and expand by yearend as much as 4%-.5% in the absence of external economic shocks,’ Mr. Happi said.

Armenia's GDP in 2010 increased by 2.6% compared with 2009, up from the projected 1.2% amounting to 3.509.6 trillion drams. Per capita GDP at the end of 2010 was 1,077,961 drams or $2,885/2,173 euros. The state budget projects a 4.6% economic growth for this year. ($ 1 - 369.42 AMD). -0-


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