YEREVAN, JANUARY 17, NOYAN TAPAN. "It is a paradox that Armenia living on credit surpasses the economic index of a number of European countries. Armenia living on credit cannot appear on high economic scales, as poverty also grows simultaneously with economic growth." RA MP, Economics Doctor Tatul Manaserian expressed such an opinion at the January 17 press conference. He said that the data of the report publicized lately by the Heritage Foundation organization cannot be objective, as in case of Armenia the expression "economic growth" indeed means only rehabilitation growth of economy. In T.Manaserian's words, state structures provide data to such authoritative international organizations. And these data, in the MP's words, remind of Soviet years, when "there was falsehood, terrible falsehood and statistics." T.Manaserian said that the three factors providing main growth of gross output - construction, agriculture and industry underwent serious changes in 2006. According to his observation, industry declined by 16-20%, agriculture made 0% in the growth of GDP, the lion's share of which belongs to construction. And 90% of the latter, as T.Manaserian emphasized, is in shade.

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