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Tatul Manaseryan: If We Continue Moving Slowly, We Will Fall Behind

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  • Tatul Manaseryan: If We Continue Moving Slowly, We Will Fall Behind

    TATUL MANASERYAN: IF WE CONTINUE MOVING SLOWLY, WE WILL FALL BEHIND DYNAMIC DEVELOPMENT IN POST-CRITICAL PERIOD

    Panorama.am
    14:37 05/12/2012 " ECONOMY

    Last year's economic tendencies also worked this year, economist
    Tatul Manaseryan told reporters in Yerevan, summing up the year 2012.

    According to him, there were great expectations this year, especially
    as Armenia held parliamentary elections and presidential elections
    are ahead. That is why little investments were made in the Armenian
    economy, which to some extent affected all branches of economy.

    Depreciation of Armenian dram in April is among negative tendencies,
    the expert said, which was, however, followed by its appreciation in
    July. Double-digit agricultural growth is among positive tendencies,
    Manaseryan said.

    "We should note that double-digit growth was recorded in energy
    industry in the first months of 2012; with some exceptions, export
    dominated import," he noted, adding that positive tendencies in economy
    are due to efficient use of financial, industrial and human factors.

    Mr Manaseryan expressed his concerns about the high level of
    unemployment and migration in the country.

    To resolve these problems, the economist recommended that the existing
    resources should be used more efficiently and new programs should
    be implemented.

    "If we continue moving slowly, we will fall behind the dynamic
    development in the post-critical period," the expert concluded.

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