Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%

ArmInfo. Acting Minister of Economy of Armenia Vahan Kerobyan called the forecast of the country's authorities on economic growth even by 6% pessimistic. He  stated this during an interview with the First TV channel.

"I remain true to my promises, or rather to my plans - to ensure  economic growth at the level of 10-11%.  This is the most realistic  scenario, "he said.

The basis for such forecasts, according to Kerobyan, is also the data  of the Statistical Committee, registered for the last half-year. "But  seriously speaking, I as former representative of business, can say  that on my skin I feel the structure, the possibilities of our  economy, I communicate a lot with business representatives, I know  their plans, so I can really assess the situation," the acting  minister said pointing out the availability of models that make it  possible to calculate the real growth of the economy.  "Our forecasts  today are closer to reality than those of the Central Bank, Ministry  of Finance, IMF and other international organizations," he said.

Note that economic growth in the state budget for 2021 is provided at  3.2%, and inflation is set at 4% (+/- 1.5%). The Central Bank of  Armenia yesterday improved its forecast for GDP growth for 2021 to  4.6% (from 1.4% previously projected), relying on relatively high  upward rates in the industrial and service sectors. According to the  updated forecast of the WB, GDP growth in Armenia in 2021 will be  3.4%, accelerating to 4.3% in 2022 and 5.3% in 2023. EDB forecasts  economic growth in Armenia by 4.2% in 2021. According to the May  forecast, the IMF expects GDP growth in Armenia by 1% in 2021.