World Bank predicts Armenian GDP growth
By Messenger Staff
Tuesday, January 18The World Bank's Armenia office believes that Armenia’s economy showed some recovery in 2010 with an increase in GDP to 2.4%. Moreover in 2011 Armenia’s GDP might grow up to 4-5%. Of course so far Armenia’s economy is not very sustainable as it is quite vulnerable. There are serious shortcomings in the agriculture and construction sectors due to a substantial decrease in money transfers coming into the country. But overall if the country manages to overcome these economic shortcomings, the tendencies could be positive.