{"id":30512,"date":"2011-12-02T10:14:58","date_gmt":"2011-12-02T10:14:58","guid":{"rendered":"https:\/\/armbanks.am\/2011\/12\/02\/234285\/"},"modified":"2024-12-15T12:54:04","modified_gmt":"2024-12-15T12:54:04","slug":"armenian-economy-to-see-5-percent-growth-in-2011-minister","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/12\/02\/30512\/","title":{"rendered":"Armenian economy to see 5 percent growth in 2011: minister"},"content":{"rendered":"<p><strong>YEREVAN, December 2, \/ARKA<\/strong>\/. Armenian economy this year will have grown by 5 percent, economy minister Tigran Davtian said today. Speaking at a news conference he described the outgoing year as \u2018economically successful,\u2019 adding that the expansion is due to a robust industrial growth that is expected to be within 12-13 percent.<\/p>\n<p>According to the minister, Armenian exports will also see a substantial full-year growth of 20-25 percent and the tourism has risen as of today by 13 percent.<\/p>\n<p>In comments on a decline in construction sector the minister said he would not consider it as something negative because the drop is smoothing an imbalances that existed in the economy several years ago.<\/p>\n<p>\u2018Now our economy is more balanced,&#8221; he said.<\/p>\n<p>According to official data, in October 2011 the construction industry recorded a 25% decline to 46.2 billion drams, a 6.7% decrease compared to September.<\/p>\n<p>Davtian added it is difficult to assess the degree of external risk today.<\/p>\n<p>&#8220;But I am optimistic and believe that the international structures, political and economic leaderships will find a way to reduce these risks in the global economy&#8221;, he concluded.<\/p>\n<p>According to the government projection, the GDP is to grow this year by 4.6 percent. ($1 &#8211; 381.06 AMD).\u00a0 -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian economy this year will have grown by 5 percent, economy minister Tigran Davtian said today. Speaking at a news conference he described the outgoing year as \u2018economically successful,\u2019 adding that the expansion is due to a robust industrial growth that is expected to be within 12-13 percent.<\/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":[15837,12172,323],"class_list":{"0":"post-30512","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-economy-en","10":"tag-323"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/30512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=30512"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/30512\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=30512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=30512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=30512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}