  WB predicts 1.5-2% growth in Armenia's economy for 2010June 12, 2009 - 15:15 AMT PanARMENIAN.Net - "GDP growth in 2010 is expected to be within the range of 1.5-2%," Aristomene Vardukis, Head of World Bank's Yerevan office, told journalists on Friday. "Based on 2009 results, downfall in Armenia's economy will fluctuate between 9-9.5%. Situation will stabilize during the second half of the year, and by the end of 2010, we expect GDP growth within the range of 1.5-2%," he said.World Bank predicts acceleration of economic growth in 2011-12, however, more precise economic indices will depend upon world economic situation, Varudikis added. In January-April 2009, Armenia's economy recorded 9.7% downfall in comparison with the same period of the last year.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Narek Manasyan wins European Boxing Championships silver for Armenia  Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |
