Armenian economist says Armenia’s public debt/GDP has gone up from 50% to 75% in just 3 years

Emil Lazarian 2021
News.am, Armenia
Armenian economist says Armenia’s public debt/GDP has gone up from 50% to 75% in just 3 years
23:11, 10.05.2021

Our public debt/GDP has gone up from 50% to nearly 75% in just three years. This is what economist Karen Adonts wrote on his Facebook page, adding the following:

“Doesn’t the government have an economist?

Public debt/GDP developing European countries: 56%

Public debt/GDP developing Asian countries: 59%.”

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Direct link to this article: https://www.armenianclub.com/2021/05/10/armenian-economist-says-armenias-public-debt-gdp-has-gone-up-from-50-to-75-in-just-3-years/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS