Tuesday, March 28 2023 16:03

ArmInfo. If the Armenian government manages to conduct an effective economic policy and keep at least 10% of immigrants in Armenia, then double-digit economic growth will not be episodic, will not be a myth or a coincidence. Economist Tatul Manaseryan expressed a similar opinion in the course of discussions on the topic: "Armenia and the directions of development of Eurasian integration".

In particular, he stressed that Armenia should already change the focus of attention from trade and services to the development of the real sector, which is signaled by job cuts registered in January 2023 and the situation of  the agricultural sector, which closed the 2022 with an indicator close to zero (growth by 0.4% - ed. note).

At the same time, given the developments in the global economy, the expert did not rule out that a recession will be registered in 2023, which will have an impact on all national economies. Most of all, in his opinion, the U.S. economy will suffer, the EU may register zero growth, while China will reach growth at the level of 4.5-5%. In this regard, he stressed that the relationship between China, which can rightfully be considered the locomotive of the global economy, and the EAEU can be a positive factor, including for Armenia.

At the same time, Manaseryan stressed that under the current conditions, Armenia needs to diversify external economic ties, reduce dependence on 1-2 countries, and work on increasing competitiveness. , he said.