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IMF upset Armenia

2010-09-30 12:03

8222.jpegAccording to the prognosis of the International Monetary Fund, this year economic growth in Armenia will be lower than expected - RosBalt.

Fund's experts say the economy growth will amount 4 per cent; and the growth of prices - 7 per cent. Though in July the IMF predicted 4.8 per cent for the former and 6.2 per cent for the latter.

Guillermo Tolosa, the IMF representative, stated that small countries like Armenia [population 3 mln] cannot develop economy only selling goods in domestic market and constructing buildings.

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