Gagik Vardanyan
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.
PanARMENIAN.Net
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