Armenia’s high economic growth in 2012 were due to inner factors and government’s industrial policy: PM
29.05.2013,
15:07
Armenia posted high economic growth in 2012 due to some domestic factors and the targeted industrial policy of the government, Prime Minister Tigran Sargsyan said Wednesday during the 2012 budget implementation discussions at the parliament.
YEREVAN, May 29./ARKA/. Armenia posted high economic growth in 2012 due to some domestic factors and the targeted industrial policy of the government, Prime Minister Tigran Sargsyan said Wednesday during the 2012 budget implementation discussions at the parliament.
GDP growth was 7.2% in 2012. According to Sargsyan, all economic sectors contributed to this growth, especially, export.
“The real 7-percent industrial growth has positively impacted the economic growth, as it ensured its 1.2-percent rise,” PM informed.
Processing industry ensured 1.9-percent industrial growth, mining industry -2.7%. Mining industry rose by 16.7%, in its turn, despite non-favorable prices for metals.
“As of 2012, industrial portion in the GDP stood at 17.2% instead of 11.3% in pre-crisis 2008. It means that industry favorably contributes to the economic growth,” he noted.
PM also highlighted the outer environment was slightly worse in 2012 from a year earlier, as the partner countries reported lower economic growth , and metal prices were falling there. -0-
