YEREVAN. – Member of the opposition Prosperous Armenia Party (PAP) National Assembly Faction, economist Mikayel Melkumyan, believes it is an ungrateful task to project how much of an economic growth will be recorded in the country.

“We are in the process; the impact of various factors on the [country’s] economy will be observed later,” Melkumyan told Armenian News-NEWS.am. “There are also outside influences, which will be later.”

In his words, the investments in Armenia have also dropped in the first seven months of the current year, and if this trend continues, it will have a big impact on economic growth in the country.

“I believe it [i.e. the actual economic growth of Armenia for the current year] will be the midway of the numbers projected by the Eurasian Economic Commission [(EEC)] and the Government of Armenia,” concluded the PAP MP.

To note, the EEC forecasts a 0.9-percent, whereas the Armenian government pledges a 4.1-percent economic growth for Armenia.

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