25/05/2009 19:45
V. Manukyan: Artificial demand - main root of crisis
«The main root of the crisis is the artificial demand,» the ex-Prime Minister of Armenia Vazgen Manukyan said at «Armenia: facing global crisis» economic forum today.
According to him, artificial demand brings about production growth, which contributes to the increase of people's tendency to buy products, for which loans are allocated. The loans, as a result, become unlimited. Unlimited credit brings about economic crisis.
V. Manukyan is convinced that «along with the negative results, the crisis also leads to recovery».
«The non-competitive ones vanish and a new way opens for the competitive ones,» V. Manukyan said.
«One is always a winner among thousands of sufferers and be Armenia the one, it would be perfect,» the ex-prime minister hoped.