Nikol Pashinyan: Growth dynamics of economic activity in Armenia  testifies to the success of the economic policy of the RA government

ArmInfo.The dynamics of growth of economic activity in Armenia testifies to the success of the economic policy of the RA government. On March 27 at the meeting  of the National Assembly of the Republic of Armenia this confidence  was expressed by Prime Minister Nikol Pashinyan, presenting a report  on the process and results of the implementation of the 2018  government program.

According to the prime minister, the results of the first three  months of the current year speak about great and serious successes.  So, in January, economic activity in the country amounted to 5.5%,  and in February - 7.6%. In the first two months, the growth rate of  the country's GDP was at the level of 6.5%. Meanwhile, in September  last year, the republic was on the verge of recession, when economic  activity in the country approached zero and even negative. "It was  then that opinions began to heard about the inability of the new  authorities to govern the state, but it was then that we announced  the start of our reforms, which, I am sure, will lead to success,"  the head of government stressed. He also recalled the negative  phenomena in the country's economy last year, which was associated  with constant electoral processes.

"There was a non-violent velvet revolution, the prime minister was  elected five times, once the president, once the Council of Elders of  Yerevan, the parliament dissolved and new parliamentary elections  were held. Against this background, the results obtained by the end  of the year are natural. There is no state in the world that, when  faced with such phenomena, did not experience shocks. But the trends  and dynamics of the current year will lead to serious positive  results, "stated Nikol Pashinyan, adding that at present the republic  and moved to the stage of the long-term development, which is already  affecting the country's economy. The Prime Minister, for example,  pointed out interesting processes in the field of urban planning, in  which in January-February of this year recorded more than 20% growth  (22.1% and 21%, respectively).

To note, according to the data of the National Statistical Committee  of the Republic of Armenia, in Armenia, the economic activity in  January-February 2019 compared to the same period of 2017 increased  by 6.5%, against last year's 8.6% growth. According to preliminary  data, the y-o-y growth was largely provoked by the construction  sector and the service sector. Only in February 2019, economic  activity increased by 9.3%, and compared with February 2018 - by  7.6%, against last year's rising 7.2% in February and 7.3% compared  to February 2017. According to statistics, in January-February 2019,  the volume of the construction industry increased by 21.6% per annum,  the services sector - by 17.5%, the commercial sector - by 13.1%,  against last year's upward trend, respectively, by 22.7%, 15.1% and  17.4%.