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Armenian government presents false statistics

5 February 2016 10:17 (UTC+04:00)
Armenian government presents false statistics

By Laman Sadigova

Macroeconomic indicators submitted by the Armenian government are ridiculous, said former head of the Central Bank Bagrat Asatryan at a press conference about the macro-economic situation in the country in the context of global developments.

He added that the government faces four major problems hampering the development of the country from an economic point of view. "I am talking about poverty, emigration, monopoly and corruption," he said, adding that these problems are nothing new, but they existed and will remain as long as the government does not take steps to develop a mechanism to prevent them.

Asatryan commented the insanity of the macroeconomic indicators submitted by the Armenian government.

The official statistics reported that the agricultural sector recorded an increase of 11.7 percent, while the turnover in terms of volume indicators in the same sphere dropped by 12.2 percent. As to the performance of the construction sector, which recorded a 0.3 percent growth and, that also recorded a fell by 8.2 percent in terms of turnover volume.

He also stressed that the estimates of the Armenian government remained unclear for him.

The economic situation in the poor post-Soviet country rings alarm as it suffers from crisis in almost every sphere. People are desperately leaving Armenia, trying to escape from the corrupt government, which does not expect their elementary rights.

Harsh realities, as well as collapsing economy, destroy the South Caucasus country from the inside. False numbers, which the government is trying to present to the society, will not help to fix the situation.

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Follow Laman Sadigova on Twitter: @s_laman93

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