The possible impact of the Iranian-Israeli conflict on the Armenian economy depends on the level and duration of the escalation, Finance Minister Vahe Hovhannisyan has said amid ongoing airstrikes between Iran and Israel.
“Various developments are possible. Of course, we consider and assess risk scenarios in our budgetary documents. For example, in case of one particular risk scenario, if I am not mistaken, the economic growth could be 1,3 instead of 5,1%,” Hovhannisyan said.
“Regarding the Iran-Israel escalation, I can say that there are occurrences that could negatively impact us, but there are occurrences that could have a positive impact. A lot depends on the level and duration of escalation. I want to remind you that in 2022 when the Russian-Ukrainian war began we were immediately considering the deteriorating scenarios, but the reality was a bit different and we had positive developments. And now also we don’t hurry to make conclusions. Our task remains the same. I am sure our colleagues, also at the economy ministry, are dealing with organizing the logistic supplies via Iran in this situation. I am not directly involved in that work,” he said.
