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Armenian Economy Experiencing Hardships

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  • Armenian Economy Experiencing Hardships

    ARMENIAN ECONOMY EXPERIENCING HARDSHIPS

    PanARMENIAN.Net
    21.03.2009 20:42 GMT+04:00

    In January-February 2009 the GDP in Armenia decreased by 3.7% against
    the last year's index and totaled AMD282 billion, according to national
    statistics service.

    The decrease is conditioned by 9.7% industry and 1.5% construction
    slump.

    The foreign trade index has decreased by 26.2% and totaled $506
    million. Export decreased by 44.8% and import by 21.2%.

    The number of unemployed has increased by 4.6% and reached 75.7
    thousand people.

    The average salary was fixed as AMD94.7 thousand, what is 13.5%
    more than last year.

    The inflation rate made 0.7%.
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