Economist offers authorities several steps to develop economy in Armenia (video)
2015 was a difficult year for Armenia’s economy, says economist Tatul Manaseryan. He does not agree with those specialists who account the country’s lagging economic indicators on the Russian Federation and the Eurasian Economic Union. “This is a simple approach and was not justified.” The European Bank for Reconstruction and Development (EBRD) forecast 0% economic growth in Armenia but the GDP was 3.2%. “We did not feel a lack of economic development projects, which not all of them proved to be effective,” the economist said. Mr Manaseryan even separates Armenia from the other countries of the former USSR. “Unlike Armenia, devaluation of the national currency occurred in double-digit rates in the post-Soviet countries. This is more important than you might think,” he stressed. Tatul Manaseryan also proposed the authorities clear steps which, he said, would ensure economic development. “We need to import raw material from countries which have already experienced devaluation of the national currency, we need to provide subsidies for processed produces, find markets in the US and EU countries, and eventually, develop science to keep our youth in our country.”
