Tweet
GDP GROWTH CAUSED BY INCREASE IN PRICES FOR MINING INDUSTRY'S OUTPUT
PanARMENIAN.Net
June 4, 2010 - 15:28 AMT 10:28 GMT
Former chairman of the Central Bank of Armenia said that the economic
growth in Armenia is conditioned by global tendencies and, first
of all, by increase in prices for the mining industry's output,
specifically, for copper, which currently makes $7,000 per ton.
"Such GDP growth is passive and unreliable and cannot be considerable
and decisive for the country's economy," Bagrat Asatryan told a press
conference in Yerevan.
7.2 % GDP growth was recorded in Armenia in January-April 2010 as
compared with the same period of 2009. Meanwhile, the GDP decreased
by 5.9% in April as compared with March 2010.
From: A. Papazian
PanARMENIAN.Net
June 4, 2010 - 15:28 AMT 10:28 GMT
Former chairman of the Central Bank of Armenia said that the economic
growth in Armenia is conditioned by global tendencies and, first
of all, by increase in prices for the mining industry's output,
specifically, for copper, which currently makes $7,000 per ton.
"Such GDP growth is passive and unreliable and cannot be considerable
and decisive for the country's economy," Bagrat Asatryan told a press
conference in Yerevan.
7.2 % GDP growth was recorded in Armenia in January-April 2010 as
compared with the same period of 2009. Meanwhile, the GDP decreased
by 5.9% in April as compared with March 2010.
From: A. Papazian