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Armenia’s negative foreign trade balance is growing, exports are declining, imports are increasing, and Armenia’s economy is consuming more than it produces. In other words, Armenia’s economy is consuming itself. Under these circumstances, government officials calmly talk about some kind of diversification. With perfectly calm expressions on their faces, they say they regard a rise in the price of gas as a risk scenario and have planned measures to offset it. One might get the impression that they are planning to pay for those measures out…





















































