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    Armenia's economic growth 9.4% in January-February 2007

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    YEREVAN, March 20 (RIA Novosti) - Armenia's economic growth between January and February 2007 stood at 9.4%, while the country's GDP totaled 186,8 billion drams ($519.1 million), the national statistics service said Tuesday.

    For the period under review, consumer prices rose 5.1%, year-on-year.

    Armenia's industrial product prices were down 0.9%, its volume of industrial output was 99%, while its trade totaled 199 billion drams ($552.6 million), up 51.5% compared to the same period in 2006.

    Last year, the country's economic growth was 7%. In line with Armenia's 2007 budget, GDP growth is expected at 9%, compared with 13.4% in 2006, and inflation should be 4%.

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