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    Emil Lazarian
  • 5 years ago
    • Categories: 2021

Current developments are better than expected, cenbank governor says on economic growth

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 16:27, 14 September, 2021

YEREVAN, SEPTEMBER 14, ARMENPRESS. The current developments of economic growth in 2021 are better than projected, Central Bank Governor Martin Galstyan said at a press conference.

Galstyan said this is due to greater growth in agriculture and services.

“Gross demand is growing faster than expected too, which is greatly contributed to by the high growth of private consumption – the bigger than expected volumes of monetary transactions from abroad and the positive environment of foreign demand,” he said.

However, the growth of private investments is still comparably restrained.

Galstyan added that the short-term acceleration of inflation in recent months is mostly due to the increase in prices of seasonal food products, while the normal increase has formed lower than expected.

Editing and Translating by Stepan Kocharyan

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