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Economic Crisis According To A. Nranian

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  • Economic Crisis According To A. Nranian

    ECONOMIC CRISIS ACCORDING TO A. NRANIAN
    By Nairi Muradian

    AZG Armenian Daily
    20/01/2009

    Economy

    According to Armenian National Assembly MP of ARF (Dashnaktsutyun)
    faction Ara Nranian, present-day economic crisis has positive and
    negative sides.

    "The positive side is that in case of rapid changes re-distribution
    of powers takes place; several countries that are in a position of
    power in the financial-economic sense may have a fall. And those
    countries that have an opportunity to make profit from the economic
    crisis will have a rise", the ARF representative said at "Urbat"
    club on January 16.

    Touching upon the crisis in Armenia, the MP mentioned that the crisis
    first struck at the mining industry. In that sense, several corrections
    should be made to the economic policy. Ara Nranian attaches great
    importance to the issue of economic diversification; "RA should not
    stand on only one or two pillars. We should develop several branches
    to substitute one for another providing economic growth in case of
    inner crisis".

    The National Assembly deputy underlined that because of the crisis
    world gross demand decreased: "The producers cannot sell their product
    and consequently they reduce production that leads to additional
    unemployment".
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