ARMENIAN ECONOMY NOT THREATENED WITH SECOND WAVE OF CRISIS
PanARMENIAN.Net
17.03.2010 15:14 GMT+04:00
/PanARMENIAN.Net/ Armenian economy is not threatened with the second
wave of crisis, being on its way towards overcoming the downfall,
according to economist Gagik Vardanyan.
The expert characterized 1.2% economic growth index stipulated in state
budget as a feasible figure, allowing for a possibility of 2-3% growth.
"The matter is that economic growth can be provided after the crisis
is overcome; yet the growth doesn’t signify economic development," Mr.
Vardanyan told a news conference in Yerevan.
He forecasted the start of Armenia’s economy restoration in 2010-2011,
conditioned by increase of world prices for copper and molybdenum.
1.2% economic growth and 4±1.5% inflation are stipulated in RA state
budget for 2010.
Disclaimer: This article was contributed and translated into English by Jabejian Elizabeth. 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/2010/03/18/armenian-economy-not-threatened-with-second-wave-of-crisis/