Armenia's GDP 'dropped 5.71%' in January-June – economist – Armenian News

’s gdp (GDP) visited 5.71% in the very first 2 quarters of 2020, t he decrease impacting almost all the sectors our economy, Tigran Jrbashyan, Head of Management Advisory Services at Ameria Group, stated today, dealing with the previous months’ financial advancement indications based upon bi- quarterly characteristics.

At a public dispute in , the economist associated the fall to a downturn particularly in the advancement sector in the duration of the coronavirus pandemic.

“From the point of view of expenditures, the decline in development accounts for 1.5% of the above figure. This situation with the pandemic delivered the heaviest blow to the development sector. Wholesale trade is in the second place, with the real estate transactions coming the third. They all, put together, surpass almost 3.2% of the stated figure of 5.71%. These are the sectors contributing to the crisis,” he stated, confessing even more the longer term effect of the decrease in the services sector.

Jurbashyan likewise concurred that the advancement markets have actually been gradually recuperating after the vital fall in April-May

The economist required more powerful efforts to increase the financial and credit policies to alleviate the effect of the crisis.

He stated that they forecast a 2.3% financial failure in the yearly viewpoint.

“We are …

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