Economic growth to be higher than projected - Armenian premier

Karen Karapetyan, Armenian prime minister, speaking Wednesday at a QA session in the National Assembly, said economic growth by the end of this year would be far higher than projected. br / br /

YEREVAN, December 7. /ARKA/. Karen Karapetyan, Armenian prime minister, speaking Wednesday at a QA session in the National Assembly, said economic growth by the end of this year would be far higher than projected.nbsp;br

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The Central Bank of Armenia has changed its outlook for economic growth in 2017 upward – from the previously projected 3.3-4.8% to 4.4-4.9%. In the 2017 government budget, GDP growth was projected at 3.2%.nbsp;br

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Asked what he thinks about the present economic situation in the country given that before he called it extremely critical, Karapetyan said that now it is quite controllable.nbsp;br

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“We have no report for November, but for 10 months economy has grown 7.1%,” he said adding that the government will present a detailed report later this year. nbsp;br

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In his opinion, there are no monopolies in Armenia – there are markets with dominating players, and domination doesn’t mean that competition rules are breached. --0----br

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