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ECONOMIST SAYS CONSTRUCTION PLAYS MAJOR ROLE IN GDP GROWTH
Panorama.am
14:10 09/10/06
Economist Eduard Aghajanov said today Armenian authorities always
praise two-digit growth of GDP overlooking decline in industry. In
his words, industry plays no role in GDP growth. He called the country
construction-agrarian state. Aghajanov pointed out that construction
plays major role in gross domestic product, making up 21.6%, whereas
the industry is only 15%. Aghajanov said Azerbaijan reported 34.4%
GDP growth with 40% in industry. He said Azerbaijan targets $24.5
billion GDP next year whereas Armenia cannot have more than $8
billion.
Panorama.am
14:10 09/10/06
Economist Eduard Aghajanov said today Armenian authorities always
praise two-digit growth of GDP overlooking decline in industry. In
his words, industry plays no role in GDP growth. He called the country
construction-agrarian state. Aghajanov pointed out that construction
plays major role in gross domestic product, making up 21.6%, whereas
the industry is only 15%. Aghajanov said Azerbaijan reported 34.4%
GDP growth with 40% in industry. He said Azerbaijan targets $24.5
billion GDP next year whereas Armenia cannot have more than $8
billion.