The Armenian government has expressed confidence that the domestic economy will continue to grow this year, disagreeing with a pessimistic forecast made by the International Monetary Fund (IMF) last week.
"I am hopeful and confident that the [economic] programs that are being put into practice will bear fruit from the second half of 2015," Prime Minister Hovik Abrahamian said over the weekend.
"Despite numerous forecasts that we will have a recession owing to regional tensions, Russia-West relations and sanctions imposed on Russia, I am convinced that we will register economic growth in 2015," Abrahamian told an economic forum in Tsaghkadzor organized for university students.
Armenian News
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