ARMENIA CAN ENSURE HIGHER ECONOMIC GROWTH IN 2010
PanARMENIAN.Net
08.12.2009 16:27 GMT+04:00
/PanARMENIAN.Net/ In 2010 Armenia will be able to ensure a higher
economic growth in case of making effective use of 2009 foreign
investments, according to Ph.D. Candidate in Economics Samvel Avagyan.
"1.2% GDP growth will not be satisfactory for Armenia even if the
country does not experience the consequences of new waves of shocks
on global financial markets," he said.
"Considering the resources attracted as well as government’s
assessments and forecasts, we can have positive expectations,"
he added.
The expert finds the existing resources enough for overcoming the
crisis. The government’s principal task, according to him, is to use
them effectively to ensure the required level of economic growth and
pay off the debts.