Armenia GDP to Grow 3%

The International Monetary Fund expects Armenia’s gross domestic product to grow by 3% and annual inflation to reach 2% in 2017, Hossein Samiei, the IMF mission chief, said on Wednesday, Reuters reported. The IMF mission completed its visit to Armenia this week. Samiei has welcomed the resolution of Prime Minister Karen Karapetyan’s government to reform the country’s economy, saying the IMF is ready to show the necessary support for its implementation. During a meeting with the prime minister, Samiei singled out one of the positive signals concerning the government’s activity which concerns reforms implemented in the tax and customs spheres to reduce shadow sector and improve tax administration.