Armenia can ensure higher economic growth in 2010
In 2010 Armenia will be able to ensure a higher economic growth in case of making effective use of 2009 foreign investments, according to Ph.D. Candidate in Economics Samvel Avagyan.
"1.2% GDP growth will not be satisfactory for Armenia even if the country does not experience the consequences of new waves of shocks on global financial markets," he said.
"Considering the resources attracted as well as government's assessments and forecasts, we can have positive expectations," he added.
The expert finds the existing resources enough for overcoming the crisis. The government's principal task, according to him, is to use them effectively to ensure the required level of economic growth and pay off the debts.
"1.2% GDP growth will not be satisfactory for Armenia even if the country does not experience the consequences of new waves of shocks on global financial markets," he said.
"Considering the resources attracted as well as government's assessments and forecasts, we can have positive expectations," he added.
The expert finds the existing resources enough for overcoming the crisis. The government's principal task, according to him, is to use them effectively to ensure the required level of economic growth and pay off the debts.
