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Armenia May Achieve Bigger Than Projected GDP Growth This Year: Expe

ARMENIA MAY ACHIEVE BIGGER THAN PROJECTED GDP GROWTH THIS YEAR: EXPERT

ARKA
Jan 18, 2010

YEREVAN, January 18, /ARKA/. Arsen Ghazarian, the chairman of the
Union of Armenian Industrialists and Entrepreneurs, said this year’s
economic growth may exceed the government-projected 1.2% target.

In an interview with ARKA news agency he said a bigger than projected
economic growth can be achieved given a consistent implementation
of government-designed anti-crisis measures and effective operation
of businesses.

In his opinion, if the global economy avoids another wave of crisis
Armenian economic growth in 2010 may go well beyond the projected
numbers. "I believe, I am sure that we will achieve a higher growth’
he said.

According to the official figures, in January-November Armenian
GDP contracted by 16% falling to 2.786.7 trillion Drams. The GDP
in November alone was 6.6% down from GDP in October. The government
projected a 1.2% economic growth for this year.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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