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Expert: Higher gas prices to slow down economic growth in Armenia

12 February 2010 [13:29] - TODAY.AZ
Higher gas prices will lead to slower economic growth in Armenia in 2010, Manuk Hergnyan, chairman of Economy and Values research center, told a press conference.
According to him,  earlier, when Armenia's gas prices tripled, the consumer price index increased by 4 percentage points.

According to him, there are case studies of Russian, Ukrainian and Belarusian economies.

On average, the changes in gas prices may bring 5-percent change in GDP, he said.

Hergnyan went on saying that higher gas prices could lead to an increased inflationary pressure.  

/PanARMENIAN.Net/
URL: http://www.today.az/news/regions/61435.html

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