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IMF expects Armenian inflation to be within confidence band

30.05.2012 16:01

IMF expects Armenian inflation to be within confidence band

YEREVAN, May 30. /ARKA/. The International Monetary Fund (IMF) expects that the 12-month inflation in Armenia will be within the confidence band of 4%±1.5 pp, as projected by the Central Bank, IMF Resident Representative in Armenia, Guillermo Tolosa, said in an exclusive interview with ARKA news agency.

"The macroeconomic situation in Armenia is sound. Inflation is low, economic growth is gathering pace, the budget deficit was substantially reduced, the public debt is manageable and the banking system is steady," he said.

However, he said Armenia could achieve higher growth rates.

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ADB forecasts that Armenia’s economic growth this year May slow down to 3.8 percent

13.04.2012 11:44

ADB forecasts that Armenia’s economic growth this year May slow down to 3.8 percent

In its flagship annual economic publication, Asian Development Outlook 2012 the Asian Development Bank (ADB) forecasts a 3.8% gross domestic product (GDP) growth for Armenia in 2012 which may accelerate to 4.2% in 2013.

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