DPA: RA AUTHORITIES’ INTERNAL POLICY FRAUGHT WITH SOCIAL SHOCKS
PanARMENIAN.Net
23.02.2010 17:41 GMT+04:00
/PanARMENIAN.Net/ Over the last 2 years, current authorities in Armenia
took no effort to resolve economic problems. Moreover, they’re trying
to blame the unprecedented economic slump (14,4%) on global crisis,
according to republican council of Democratic Party of Armenia (DPA).
Professional statistics estimates shadow economy share in Armenia at
40%, yet factual analysis proves it to be 70%. Though in possession
of vast resources for state budget replenishment, the authorities
set their hopes on foreign credits only. Yet, 30% reduction in shadow
economy could release Armenia from 1/3 of foreign debt, DPA republican
council said.
"With economic slump of another 5%, Armenia will be perceived as
unreliable partner," DPA experts believe, warning: "RA authorities’
internal policy is fraught with social shocks."
Disclaimer: This article was contributed and translated into English by Yeghisabet Arthur. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2010/02/25/dpa-ra-authorities-internal-policy-fraught-with-social-shocks/