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TATUL MANASERYAN: OLIGARCHIES BOOST INFLATION
Panorama.am
10/01/2012
We had unprecedented high inflation in 2010, while in 2011 we
managed to restrain inflation to some extent, mainly through flexible
instruments of monetary and credit policy, economist, head of the
Alternative Research Center Tatul Manaseryan told a Panorama.am
reporter.
Nevertheless, according to him, measures implemented by CBA are not
sufficient to restrain inflation, with phenomena boosting inflation
existing in Armenia.
Manaseryan particularly stressed existence of oligarchies in the
agricultural goods market.
In 2012 the inflation rate will be conditioned by two circumstances,
said the expert. First, global market trends, where food prices are
expected to rise. However, the economist said, in order to restrain
inflation, we must boost production of 10 first-necessity goods
in Armenia.
Armenia's economy will face serious challenges in 2012, so we must
do our best to keep the positive things we achieved in our economy
in past years and to make them regular, Manaseryan stressed.
"If we keep the current economic growth rate and take all necessary
measures, we can expect serious results after 2013," he said.
Panorama.am
10/01/2012
We had unprecedented high inflation in 2010, while in 2011 we
managed to restrain inflation to some extent, mainly through flexible
instruments of monetary and credit policy, economist, head of the
Alternative Research Center Tatul Manaseryan told a Panorama.am
reporter.
Nevertheless, according to him, measures implemented by CBA are not
sufficient to restrain inflation, with phenomena boosting inflation
existing in Armenia.
Manaseryan particularly stressed existence of oligarchies in the
agricultural goods market.
In 2012 the inflation rate will be conditioned by two circumstances,
said the expert. First, global market trends, where food prices are
expected to rise. However, the economist said, in order to restrain
inflation, we must boost production of 10 first-necessity goods
in Armenia.
Armenia's economy will face serious challenges in 2012, so we must
do our best to keep the positive things we achieved in our economy
in past years and to make them regular, Manaseryan stressed.
"If we keep the current economic growth rate and take all necessary
measures, we can expect serious results after 2013," he said.