Prime Minister Hovik Abrahamian insisted on Thursday that the Armenian economy will continue to grow this year contrary to gloomy forecasts made by international lending institutions.
Abrahamian forecast an economic growth rate of “at least 2-3 percent” in opening remarks made at a weekly session of his cabinet.He claimed that it could even reach 4 percent if the Armenian government manages to implement all of its planned “programs.” He did not elaborate on them.
The government forecast 4.1 percent growth in its 2015 state budget that was approved by parliament late last year. That target has looked increasingly unrealistic in view of a deteriorating economic situation in Russia, Armenia’s number one trading partner and main source of worker remittances.
Armenian News
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