Expert reports 40% drop Armenia’s investment sector

PanARMENIAN.Net - Unfulfilled expectations for the year 2012 led to a 40% drop in Armenia’s investment sector activity, an economy expert said.

However, as Tatul Manaseryan told a December 5 news conference, several economic sectors, including energy and trade, continued the 2011’s export growth tendency.

The expert pointed out several factors – human capital, natural and financial resources – as crucial in economy development, noting youth unemployment and migration among serious issues.

To solve the problem, the expert urged implementation of more realistic programs and effective use of natural resources.

Mr. Manaseryan believes unpredictable developments are possible in 2013 global economy, including food and fuel crisis. “Provision of food security must be a top issue on Armenia’s agenda,” the expert stressed.