November 9, 2011 - 15:18 AMT
2012 envisages 10% decrease in construction share against 2008

Chairman of standing committee on financial-credit and budgetary affairs favors decrease in construction share in Armenia’s GDP structure.

Gagik Minasyan noted that 2012 GDP structure envisages 10% decrease in construction share against pre-crisis 2008 year which implies that our economy is more competitive, more diversified and less vulnerable in the face of crisis.

Mr. Minasyan noted that this gives reason to hope that budget planned economic growth of 4,2% may be observed in 2012.