Reported economic growth do not correspond with the quality of life
RA TWO-DIGIT ECONOMIC INCREASE TO BREAK THE WORLD RECORD
A1+
| 19:03:45 | 20-10-2005 | Politics |
AMD deflation is natural in the economic conditions of Armenia: you have a big inflow of capital, which means the economy is in good condition, Executive Director of International Monetary Fund Jeron Kremers said today.
Later, when "A1+" asked whether the economy might be considered to be in good condition if the main part of the inflow of capital - more than $1 mlrd [billion], is sent by relatives of Armenians, Mr. Kremers contradicted his own statement: "Of course, if the main part of inflow of capital are private transfers, it's not good, it means economy is in bad condition", - he answered.
Nevertheless, Jeron Kremers went on praising the economy of Armenia, the two-digit increase, economic policy held. And if for 5 more years attention is paid to the development of the components he mentioned, in 5 years time, according to Mr. Kremers, we will have a considerably improved social condition in our country. And which are those components? Investments in the spheres of education and road-building, tax and customs bodies, reforms in financial field, fortification of bases of economic increase, and eventually, the authorities must act so that the increase will improve the standard of life.
A1+
| 19:03:45 | 20-10-2005 | Politics |
AMD deflation is natural in the economic conditions of Armenia: you have a big inflow of capital, which means the economy is in good condition, Executive Director of International Monetary Fund Jeron Kremers said today.
Later, when "A1+" asked whether the economy might be considered to be in good condition if the main part of the inflow of capital - more than $1 mlrd [billion], is sent by relatives of Armenians, Mr. Kremers contradicted his own statement: "Of course, if the main part of inflow of capital are private transfers, it's not good, it means economy is in bad condition", - he answered.
Nevertheless, Jeron Kremers went on praising the economy of Armenia, the two-digit increase, economic policy held. And if for 5 more years attention is paid to the development of the components he mentioned, in 5 years time, according to Mr. Kremers, we will have a considerably improved social condition in our country. And which are those components? Investments in the spheres of education and road-building, tax and customs bodies, reforms in financial field, fortification of bases of economic increase, and eventually, the authorities must act so that the increase will improve the standard of life.
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