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16% DOWNTURN CONDITIONED BY SHORTAGE OF RESOURCES: BOSTANJYAN
news.am
Jan 21 2010
Armenia
The significant slump in Armenian economy in 2009 is conditioned
by shortage of resources, BHK MP Vardan Bostanjyan stated trying to
justify the 16% downturn adding he does not take it as a tragedy. He
believes in RA Government's forecast of 1.2% economic growth in 2010.
At that, in 2009, the Government promised 9.2% economic upturn,
however registered 16% slump.
Commenting on the statement that oppositional economists forecast
2-3% downturn this year, Bostanjyan said: "Overall, this indicator is
really convenient. The opposition meant to point out the fragilities
of the economy and see things in a more realistic light. Luckily they
do not speak of 10% decline."
As NEWS.am reported previously, former Chairman of Central Bank of
Armenia Bagrat Asatryan forecasted 11-12% downturn, however losses
considerably exceeded this indicator.
Bostanjyan also referred to the countries that came out of economic
recession, giving a good example to Armenia.
From: Emil Lazarian | Ararat NewsPress
news.am
Jan 21 2010
Armenia
The significant slump in Armenian economy in 2009 is conditioned
by shortage of resources, BHK MP Vardan Bostanjyan stated trying to
justify the 16% downturn adding he does not take it as a tragedy. He
believes in RA Government's forecast of 1.2% economic growth in 2010.
At that, in 2009, the Government promised 9.2% economic upturn,
however registered 16% slump.
Commenting on the statement that oppositional economists forecast
2-3% downturn this year, Bostanjyan said: "Overall, this indicator is
really convenient. The opposition meant to point out the fragilities
of the economy and see things in a more realistic light. Luckily they
do not speak of 10% decline."
As NEWS.am reported previously, former Chairman of Central Bank of
Armenia Bagrat Asatryan forecasted 11-12% downturn, however losses
considerably exceeded this indicator.
Bostanjyan also referred to the countries that came out of economic
recession, giving a good example to Armenia.
From: Emil Lazarian | Ararat NewsPress