EBRD forecasts 4,5% economic growth for Armenia

The European Bank for Reconstruction and Development (EBRD) has reviewed the forecasts for Armenia’s economic growth, the EBRD Resident Office in Yerevan said

“The increase in forecasts for Armenia was conditioned by more optimistic predictions for the economies of partner countries, particularly that of Russia,” Valeriu Razlog told a PanArmenian.net reporter, deeming the new forecast at the level of 4 to 4.5%, based on 2012 outcomes as a product of the anti-crisis fiscal policy of Armenian government and monetary policy of the Central Bank of Armenia.

Mr. Razlog further noted that the EBRD will follow both domestic and international developments.