The situation with coronavirus in China has little impact on the Armeinan economy, said economy minister Tigran Khachatryan on Wednesday.

According to him, transport restrictions in China and a decline in industrial production may affect copper prices.

Amid the economic downturn, the economy will consume less oil, he said. However, the affect of this on Armenia is relatively weak.

Armenia will face the indirect influence only amid a strong decline of oil prices. The situation in the Russian economy will become more complicated in this case, which may affect the income of labor migrants.

Meanwhile, there is not so many tourists coming from China in Armenia, the minister noted, adding that no serious complications are expected for the Armenian economy.