Gagik Makaryan: Government lacks good economists (video)
Chairman of the Republican Union of Employers Gagik Makaryan says 2014 aroused both positive and negative moods for Armenians.‘resulted in changes.’
On the other hand, Gagik Makaryan singled out negative phenomena that happened in the passing year.
“We have been unable to reduce the level of poverty and unemployment. Export volumes have declined sharply, which in turn, affected exporters. Many businessmen who were exporting canned products stopped their business. There has been drastic decline in transfers and many other factors the consequences of which will be felt in the coming year,” he said.
Gagik Makaryan says the existing force majeure situation showed that the government lacks skillful economists.
“Everyone in the cabinet is a good financier but not an economist. None of them has economic and analytical abilities. The ruling faction in parliament does not have good economists either. The economists who can really make deep economic analyzes are called opposition.
Mr Makaryan says to overcome the force majeure situation the government should consolidate its economic team, otherwise, the country will suffer losses in its foreign policy as well.
Despite all these negative factors, the Chairman of the Republican Union of Employers says the volumes of foreign investments have increased in Armenia. Speaking about the currency rate fluctuations, Mr Makaryan said the Russian rubble will remain in agony in next six months.
