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World Bank predicts 4.3% growth in Armenia

By Messenger Staff
Tuesday, February 21
The World Bank's Yerevan office has predicted that the Armenian economy will achieve 4.3% economic growth in 2012.

After the shock of 2008, Armenia’s foreign debt increased, although recently the Armenian government has adopted procedures to monitor and regulate the re-payment of loans. The country also had to lower export prices to encourage economic growth.

One of the most important sources of income is remittances from the sizeable Armenian Diaspora. Any economic difficulties in sending countries therefore also influences Armenia's national economy.