Armenia Predicts 2007 GDP of 9%

Since you are reading this blog daily - and there is a punishment if you're not - you already know how Armenia did economically in 2006. However, Armenia is working on its 2007 numbers - or at least predicting them.

According to the Minutes of the Board meetings of the Central Bank of Armenia (CBA) on the 2007 monetary and credit policy directions, the capital construction growth rates are expected to decrease with the agriculture and service sphere growth rates remaining the same. Certain rise is expected in the production growth rates, along with lower growth rates for domestic demand and higher export increase rates.

The 2007 state budget envisages AMD 2 trn 322 bln worth nominal GDP, with the real GDP growth planned at 9% and the inflation at 4%.

It will be interesting to see how the year pans out.

Source: Arka