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Economic Developments In Armenia Give Concern: Tatul Manaseryan

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  • Economic Developments In Armenia Give Concern: Tatul Manaseryan

    ECONOMIC DEVELOPMENTS IN ARMENIA GIVE CONCERN: TATUL MANASERYAN

    Tert.am
    23.09.10

    The indicators recently recorded in Armenia's economy are mutually
    exclusive, economist Tatul Manaseryan told a news conference today,
    calling for restraint to all those who go into extremes and "are in
    a hurry to present the achievements very colorfully."

    According to him, it is concerning that Armenia has during the first
    five months in 2010 seen 8.8 per cent economic growth which has
    further decreased making a total of 3.1 during January-August.

    "A serious regress has been recorded which is an alarm for us,"
    said he, adding that the economic growth in Armenia has mainly been
    accounted for by the increase in demand and prices of metals in the
    world market, as well as by high indicators in the energy production
    sector.

    Alarming is also the fact, according to him, that agriculture has
    seen a significant downfall.

    "The agro-food situation in Armenia is rather vulnerable. We are
    vulnerable in terms of food security too. Objective causes could also
    be enumerated to say that weather conditions are unfavorable either.

    But to my opinion the economic policy pursued in agriculture is equal
    to zero," he underlined.

    Further Mr Manaseryan said that the indicators recorded
    during January-August boil down to the existence of extremely
    mutually-exclusive trends.

    "This is the very situation when without drumming about the successes
    we should look soberly at what is happening."




    From: A. Papazian
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