The Minister of Economy's Groundless Elation and the Real Situation: Gagik Hambaryan

Political scientist Gagik Hambaryan has written on his Facebook page: “Economy Minister Vahan, who according to media reports has left one of the delivery services under his leadership in a rather difficult financial situation and was appointed Minister of Economy, today made a cheerful and at the same time pointless post on his Facebook page regarding the economic activity indicator for February 2021, noting that compared to the previous February, it has decreased by 5.3%...

To help you understand the situation we are in thanks to traitor Nikol, I will present the operational economic indicators for February 2021 published by the Statistical Committee...

Economic Activity – decline: -5.3%
Industry – decline: -5.1%
Construction – growth: 1.1%
Electricity Production – decline: -13.7%
Trade – decline: -7.8%
Services – decline: -12.2%
Average Monthly Salaries – decline: -0.9%
External Trade Turnover – decline: -9.5%
Exports – decline: -2%
Imports – decline: -13.6%

It is interesting to know what this minister is rejoicing about, as he writes: “Considering that last February had one day more, the Armenian economy has almost recovered”... What figures over that one day are satisfactory to him... Let me remind you that in January 2021, the decline in economic activity was 7.5%... And for the January-February period, the decline was 6.4%... And after these disastrous and concerning indicators, Nikol’s minister continues to feed society with optimism, claiming that we are supposedly going to have double-digit economic growth this year... It is not surprising that a liar president is surrounded by people like Vahan...

P.S. In reality, our economy is in a catastrophic state and as was once revealed by the pro-government deputy Babken, in order to pay people's salaries and pensions, Nikol is taking on enormous debts...”