Higher inflation, lower economic growth in 2009

Grant Thornton International’s Armenian member on Wednesday presented to the media in Yerevan the results of the organization’s International Business Report (IBR) for 2008, which reviews 34 economies of the world, including Armenia, with insight into the views of more than 7,800 privately held businesses across the countries in question. While the report predicts a Gross Domestic Product (GDP) growth in Armenia at about 10 percent this year mainly due to a continued impressive performance…

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