Armenia to post about 4% economy growth in 2014 – expert
03.10.2014,
13:48
Armenia’s economic growth will be about 4% in 2014, head of “Alternative” research center economist Tatul Manaseryan said.
YEREVAN, October 3. /ARKA/. Armenia’s economic growth will be about 4% in 2014, head of “Alternative” research center economist Tatul Manaseryan said.
Lower-than-expected economic growth will be seen in 2014 due to both external and internal factors, Manaseryan told a press conference on Friday.
According to the expert, the expected level is too low as Armenia has potential for a two-digit growth.
The capacity of the Armenian Diaspora abroad is not sufficiently used, Manaseryan said. Another factor is small volume of investments that is caused by lack of confidence in the government investment policies, according to the expert.
Manaseryan said both increased domestic investments and sound government policies may help boost foreign investments.
Direct foreign investments in Armenian economy amounted to about 249.9 billion drams in the six months of this year; net inflow of these investments was 75 billion drams.
According to ArmStat, Russia was the leading investing country in Armenia’s real economy in the period: its investments totaled about 213.2 billion drams. Direct foreign investments from Russia in the Armenian real economy were 196.8 billion drams.
According to the government budget planning, economic growth is 5.2% and inflation is 4% (±1.5%) for 2014. –0--
Lower-than-expected economic growth will be seen in 2014 due to both external and internal factors, Manaseryan told a press conference on Friday.
According to the expert, the expected level is too low as Armenia has potential for a two-digit growth.
The capacity of the Armenian Diaspora abroad is not sufficiently used, Manaseryan said. Another factor is small volume of investments that is caused by lack of confidence in the government investment policies, according to the expert.
Manaseryan said both increased domestic investments and sound government policies may help boost foreign investments.
Direct foreign investments in Armenian economy amounted to about 249.9 billion drams in the six months of this year; net inflow of these investments was 75 billion drams.
According to ArmStat, Russia was the leading investing country in Armenia’s real economy in the period: its investments totaled about 213.2 billion drams. Direct foreign investments from Russia in the Armenian real economy were 196.8 billion drams.
According to the government budget planning, economic growth is 5.2% and inflation is 4% (±1.5%) for 2014. –0--
