YEREVAN, June 28.\u3000\/ ARKA \/.\u3000Reported over the last five months of economic growth in Armenia in the amount of 8.8% is due to three factors – trends in the global economy, the government anti-crisis measures and the stabilization of exchange rates, says Prime Minister Tigran Sargsyan.\u3000<\/p>\n
According to the government, in parallel with the global economic recovery, all the spheres of the economy of Armenia also recovered.\u3000<\/p>\n
In particular, in the field of agriculture there has been registered an increase of 1%, in construction – about 12%, while compared to April to May, the volume of construction has doubled.\u3000
\n“A marked reduction in unemployment is present, along with a continuing trend of growth of wages in the private and public sectors,” said the prime minister on Saturday, at a meeting of the Board of Trustees of the National Competitiveness Fund.\u3000<\/p>\n
Speaking about the second important factor of economic growth, the anti-crisis measures in the framework of the expansionary policy of the Government, the Prime Minister said that they were aimed at creating an enabling environment for small and medium-sized businesses.\u3000<\/p>\n
He noted in particular the legislative changes that reduced tax reporting and expanded tax incentives, along with the introduction of institute of the fixed payment and simplified rules of accounting.\u3000<\/p>\n
The Head of Government also attaches importance to the implementation on the credit funds work in the areas of road construction and water supply systems.\u3000<\/p>\n
The third factor of growth, according to the head of government is stabilization of the exchange rate as a result of monetary policy by the Central Bank, which had a positive impact on prices.\u3000<\/p>\n
“We are already entering a deflationary phase, in the next two months we will have deflation, and the annual cut of 5-6% (inflation-ARKA News Agency) will be a realistic figure,” said Sargsyan -0-\u3000<\/p>\n","protected":false},"excerpt":{"rendered":"
Armenian premier names three factors of high economic growth\u3000<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12623,12624],"class_list":["post-12650","post","type-post","status-publish","format-standard","category-economy-en","category-news","tag-economic-growth","tag-premier"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t