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Armenia is summing up 2019 in ‘high spirits’, Prime Minister Nikol Pashinyan told a Cabinet meeting on Thursday.

He recalled that the Statistical Committee of Armenia published economic indicators for the past eleven months.

“November 2019 was a record-breaking month with a 10.1% growth of the economic activity index,” he said.

The PM stressed that in November the export of goods increased by 25.7%, trade turnover by 11.9%, services by 11.9% and construction by 4.8%. According to Pashinyan, the economic activity index stood at 7.5%, the industrial and export growth was 9.3% and 9%, respectively, in 11 months.

“These are really good indicators. This comes to show that the ideology we have put at the basis of economic development really works in Armenia,” he said.

Economy Minister Tigran Khachatryan predicted a 7.5% economic growth at the end of the year, with at least 10% annual growth expected in exports.