07.11.2014 16:55
YEREVAN, November 7. / ARKA /. Placement of Eurobonds and gas agreement with Russia should reduce the risk of increasing pressures connected with funding of the Armenian government and increasing energy costs, according to IMF report ‘The Regional Economic Outlook for the Middle East and Central Asia”, released on Tuesday.
The report says the growth in the Caucasus and Central Asia is expected to decline by about one percentage point of GDP in response to the slowdown in Russia.
The report projects that growth will fall to about 5.5 percent this year and next, in part owing to the region’s close ties with its economically struggling neighbor.
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