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Armenia’s 2021 economic growth will be higher than predicted: MP attaches importance to inclusive growth

armenpress.aman hour ago
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Armenia’s 2021 economic growth will be higher than predicted: MP attaches importance to inclusive growth

He reminded that initially the government’s economic growth forecast was to be 3.2%, the Central Bank forecast 1.6% and the international organizations – 1-1.5%. However, recently all have revised their forecasts, and the government forecasts 6% growth now, the Central Bank – 4.6% and the international organizations will soon publish their forecasts.

The lawmaker reminded that 4.3% economic growth has been registered in January-May, expressing confidence that higher growth will be registered with the results of the first quarter.

He says there is no need to concentrate on this mechanical figure. “There could be 7%, but healthier, normal growth, rather than 12%. It’s better if we avoid numbers at one moment”, he said, adding that a healthy growth means when the economy grows not at the expense of one sector or one-two factors, but as much inclusive growth as possible is being ensured, and it relates to all spheres.

The MP says the fields such as construction, public services, hotel economies are recovering quite actively after last year’s deep decline. “What has been lost is being recovered this year, therefore the growth rates are higher. We have growth in all areas”, he said.

He also highlights the export growth, however notes that not everything is perfect here. “Mining industry has quite a big component in the economic growth, as well as in the export growth conditions by the international prices of copper. So if we remove these two components, the economic growt...

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