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Expert Reports 40% Drop Armenia's Investment Sector

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  • Expert Reports 40% Drop Armenia's Investment Sector

    EXPERT REPORTS 40% DROP ARMENIA'S INVESTMENT SECTOR

    December 5, 2012 - 14:03 AMT

    PanARMENIAN.Net - Unfulfilled expectations for the year 2012 led
    to a 40% drop in Armenia's investment sector activity, an economy
    expert said.

    However, as Tatul Manaseryan told a December 5 news conference,
    several economic sectors, including energy and trade, continued the
    2011's export growth tendency.

    The expert pointed out several factors - human capital, natural and
    financial resources - as crucial in economy development, noting youth
    unemployment and migration among serious issues.

    To solve the problem, the expert urged implementation of more realistic
    programs and effective use of natural resources.

    Mr. Manaseryan believes unpredictable developments are possible in
    2013 global economy, including food and fuel crisis. "Provision of food
    security must be a top issue on Armenia's agenda," the expert stressed.

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