Economic growth in Armenia is on course to accelerate to 7 percent this year and remain relatively robust next year, Prime Minister Tigran Sarkisian said on Tuesday, presenting his government's draft 2013 budget to lawmakers.
The Armenian economy expanded by 4.7 percent last year and in the first quarter of 2012. Official statistics showed growth accelerating in the following months on the back of strong performances of the manufacturing and agricultural sectors as well as a slower contraction of the domestic construction industry still reeling from the 2009 recession.
Addressing standing committees of the National Assembly, Sarkisian said the growth reached 7.5 percent in September and will not fall below a full-year level of 7 percent. Gross Domestic Product is projected to increase by 6.2 percent in 2013, he said.
Armenian News
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