Prime minister hails positive dynamics in Armenia’s economic growth

Prime Minister Nikol Pashinyan on Thursday called the cabinet’s attention to the positive records in the country’s economy in the first months of 2019.

Addressing the official statistics, the prime minister noted that that the observed economic growth was 9.2% in January-April. ”If we combine this figure with the first quarter data, we observe 7.1% GDP growth. Our task, as we have outlined, is to promote this good logic via targeted, right capital expenditures and to be able to record better figures,” ARMENPRESS quotes him as saying.

Pashinyan further highlighted a 13.2% growth in the industrial output.

“I am sure these figures will improve. Why? Because the situation on the mortgage market will inevitably lead to this outcome”, he added.

The chief of cabinet also praised the progress in the country’s trade turnover, which he said increased by 9% against the 16.2 % growth in the services sector.

But he admitted that the highest growth record – an estimated 9.9% – dealt with the exports.

The prime minister also pointed out to a certain positive dynamics in the nominal average monthly salaries. “I think this dynamics will be more positive in the context of the decisions announced,” he added