Friday, September 9 2011 16:47
Armenia's Finance Ministry forecasts 5% average annual inflation in 2011
ArmInfo. Armenia's Finance Ministry forecasts 4.5-4% GDP growth and 5% average annual inflation in 2011.
During a press-conference on Friday Armenia's Finance Minister Vache Gabrielyan said that inflation will not exceed planned 4% (+/-1.5%).
"This year inflation is lower than last year. After the summer deflation inflation will recur within 5%," the Minister said.
According to the Central Bank of Armenia, in 2011 inflation will range within 3-5.5%. The IMF forecasts 4.6% GDP growth and 9.3% inflation.
