Yerevan /Mediamax/. According to IMF forecasts, recession in Armenia in 2009 will make 1.5%.

Mediamax reports that IMF representative in Armenia Ninke Omes said this today. She welcomed the crisis prevention measures by the Armenian government and the decision of the Central Bank to shift back to the policy of floating exchange rate, noting the importance of market regulation of AMD exchange rate.

“According to IMF assessments, devaluation of AMD will be within the range of 17-30%”, Ninke Omes stated, adding that in 2009 inflation in Armenia is expected at the level of 8%.