Economist Tatul Manaseryan, adviser to the Speaker of the National Assembly of Armenia, believes that if domestic and Diaspora resources are properly used, Armenia will see economic growth next year exceeding the government target of 1.2 percent.

So far this year Armenia has seen an 18.3 percent decline. The World Bank and International Monetary Fund have predicted that Armenia’s contraction will have reached 15.6 by year’s end, indicating a “growth” that decreases the pace of decline.