The Central Bank of Armenia (CBA) forecasts 1% decrease in economic growth, head of CBA monetary-credit policy department said.

Artur Stepanyan voiced hope that successful implementation of export-oriented industrial program will ensure a higher index.

Armenia’s 2013 state budget envisages 6,2% economic activity growth and 4±1,5% inflation.

It’s noteworthy that Armenian President Serzh Sargsyan instructed the government to ensure 7% economic growth and quality changes.

The expert noted that the rise in gas and electrify prices will bring the economic growth to 4%, to be followed by consistent growth.

According to CBA report on the implementation of monetary-credit policy, the economic growth is planned to be set at 7,4-7,7% in the first quarter.