Economy expert: it’s shameful for Armenia to be moving towards development at snail’s pace

Economy expert: it’s shameful for Armenia to be moving towards development at snail’s pace
 July 19, 2011 - 12:55 AMT

PanARMENIAN.Net - A Doctor of Economic Sciences Tatul Manaseryan and Armenian parliamentarian Manvel Badeyan forecasted improvement of economic situation in Armenia in the second half year of 2011 against the same period in 2010.

According to the parliamentarian, the economic growth repotted in Armenia does not mean much, having no firm foundation, as compared with the zero-growth of developed countries signifying a stable development. As Badeyan stressed, investments in human resources must be made a basis of Armenia’s economic development.

Mr. Manaseryan, in turn, expressed dissatisfaction over Armenia’s failing to fully use its potential. “It’s shameful that Armenia must be moving towards development at snail’s pace,” he stressed.

The independent expert stressed construction, manufacture and services among problematic sectors in Armenian economy.

3  19.07.11 - Press conference of economist Tatul Manaseryan and Republican MP Manvel Badeyan
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