EN
7 July 2009 - 09:13 AMT

RA state budget envisages 1% GDP growth

The Armenian government has started drawing up the national budget, which envisages 1% GDP growth, Prime Minister Tigran Sargsyan said.

“It’s just a forecast. The macroeconomic index will be determined within coming months,” he said during “Impact of the Global Crisis on Armenia: Short- and Long-run Perspectives” international conference today.

There economic slump in Armenia can be 9.5%, 16% or 20%, according to the Prime Minister.