Friday, November 6 2020 13:34
Alexandr Avanesov

RA Minister of Economy predicts economic growth in Armenia in 2020

RA Minister of Economy predicts economic growth in Armenia in 2020

ArmInfo.RA Minister of Economy Tigran Khachatryan predicts some growth of the Armenian economy in 2020.

In an interview with journalists on November 6, he noted that  following the results of 9 months of this year, the growth of  economic activity in Armenia amounted to 0.5%. However, in the fourth  quarter statistics on grapes will be summarized, the harvest of which  this year is much higher than last year. The minister refrained from  giving specific figures, but assured with confidence that the  indicators of economic activity this year will be higher than last  year.

Note that according to the National Statistical Committee, the  indicator of economic activity in Armenia, according to preliminary  data, in January-September 2020 registered a decline of 6.6% compared  to the same period in 2019. At the same time, in September 2020,  compared to September 2019, the decline was 7.5%, and compared to  August 2020, the indicator of economic activity, on the contrary,  increased by 10.6%.