Armenia's central bank predicts lower economic growth

The Central Bank of Armenia has lately estimated that the economic growth of the country will reach 3.1 percent to 3.6 percent in 2014, below the planned target of 5.2 percent for the year.
The Central Bank predicted that the economy of Armenia will systematically develop and be stabilized within the next three years, according to a report of the Armenpress news agency.
The estimated economic growth for 2014 is connected with relative growth of rates of consumption in the private sector and restoration of rates in private investment, Armenpress said.
According to forecast by the Central Bank, real growth in Armenia's import and export of products and services is expected to reach 6 percent in 2014.