The Ministry of Economy of Armenia assessed the consequences of the increase in gas prices from Russia on the GDP.

The Ministry of Economy of Armenia assessed the consequences of the increase in gas prices from Russia on the GDP.

A possible increase in the price of natural gas supplied to Armenia from Russia, according to forecasts, will lead to a decrease in the rate of economic growth in Armenia by at least 5 percentage points (pp), the Minister of Economy of the Republic Geborg Papoyan told the Department of Economics. "A change in the price of gas can affect the economy by 5-7 pages, maybe more," he said, calling such a scenario undesirable. Gas prices - IF) will not create a hopeless situation.