Armenian economists rule out ‘Armageddon’ scenario

“There is no unequivocal process in economy, so the Dollar valuation has both positive and negative aspects; it will boost our exports and economic growth,” Manvel Badeyan, a lawmaker of the ruling Republican Party told Tert.am. Gagik Minasyan, the chairman of the National Assembly’s Standing Committee on Financial-Credit and Budgetary Affairs, agrees to Prime Minister Hovik Abrahamyan’s recent remark that the increased prices for the US Dollar are likely to have a positive impact on the society’s living standards. Vahagn Khachatryan, an economist affiliated with the opposition Armenian National Congress party, says he finds Armenia’s economy is now in a deep state of recession. “The authorities’ attitude is not unfortunately adequate, and they never clarify ...

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