Armenia will have at least a 7.5% economic growth based on the annual results of 2019, Minister of Economy Tigran Khachatryan has declared.
“We have started a very good year as it is built on the good base of 2019. Based on the results of the 11 months of the past year we have a 7.5% economic activity index. In particular the growth of industry plays a vital role. Industrial production volume grew by 9.3% in 11 months of 2019. Services increased by almost 15%. The domestic trade turnover recorded a 9.2% growth, construction – 4.5%, and export – 9%. The annual GDP figures are not summed up yet, but we can already state that we will have at least a 7.5% economic growth”, the minister said.
Khachatryan considered this a very important achievement as a result of the works done in the past 1.5 years. (Armenpress/Business World Magazine)