Economy minister says 7 percent growth quite attainable

23.07.2012 17:44
Economy minister says 7 percent growth quite attainable

YEREVAN, July 23. / ARKA /. Armenian economy minister Tigran Davtyan repeated again today that the government is able to ensure a 7 percent economic growth in 2012. The 7 percent growth target was set by president Serzh Sargsyan on June 18  as he chaired the first meeting of his new Cabinet.

“The primary expectation from the government’s work in 2012 is to ensure a 7 percent economic growth,” he said. The initial government projection is 4.2 percent. Last year’s GDP was 4.6 percent.
"I think that this figure is attainable given the hard work,"  Davtian  told a news conference.
He said optimistic indicators of economic activity for the first half of the year inspire confidence that the target set  by the president is quite feasible.

According to the National Statistical Service of Armenia, economic activity index in the first half of 2012 advanced by 7.8 percent from a year before. The largest growth was reported  by industry (an increase of 13%), exports (13.5%) and agriculture (8%).  -0-


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