May 19, 2010 - 16:12 AMT
IMF forecasts 4% GDP growth and 6% inflation in Armenia by yearend

Chief of the IMF Mission to Armenia, Mr. Mark Lewis said that due to high rates of economic growth in Armenia over the first three months, the IMF has reviewed its forecasts for the country’s GDP, predicting 4% growth in it.

Besides, 6% inflation will be recorded in Armenia in 2010, Mr. Lewis told a press conference in Yerevan.

As for the budget deficit, he stressed that revenues of the state budget will increase this year, which will allow securing a lower level of deficit.

Earlier, the IMF predicted 1.8% GDP growth and 6.2% inflation in Armenia by the end of 2010.

The 2010 national budget envisages 1.2%economic growth and – 4 ± 1.5% inflation in Armenia.