Chairman of Armenian NA Standing Committee on Financial-Credit, Budgetary and Economic Affairs, member of the ruling Republican Party of Armenia (RPA) Gagik Minasyan forecasts 4% inflation rate by the end of 2012.
“4% inflation index is likely to be recorded in Armenia by yearend, given the 2,5% growth reported in January-August,” he said, adding that 2013 draft budget envisages 4±1,5% inflation rate.
“7,1% economic growth will be recorded in Armenia in 2012, but it will go down to 6,2% in 2013,” the MP said.
