EXPERT VIES LAST TEN YEARS IN ARMENIA AS DECADE OF LOST CHANCES
ARKA
Feb 12, 2010
YEREVAN, February 12. /ARKA/. Manuk Yerghnyan, the head of E-V
Consulting Research Center, speaking Thursday in Novosti International
Press Center, called the last ten years in Armenia a decade of lost
chances.
He thinks that a deformed structure of economic development has been
created in the country for the last decade and chances for forming
sources of sustainable economic development have been lost.
"In fact, the country showing double-digit economic growth has failed
to create essential factors for making itself less vulnerable for
outside shocks and going out of the crisis with minor losses,"
Yerghnyan said.
According to the National Statistical Service of Armenia, Armenia
enjoyed 13.2% economic growth in 2002, 14% in 2003, 10.5% in 2004,
14% in 2005, 13.4% in 2006, 13.7% in 2007 and 6.8% in 2008.
In 2009, the country faced 14.4% economic decline.