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1.5% economic downfall expected in Armenia in 2010

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  • 1.5% economic downfall expected in Armenia in 2010

    1.5% economic downfall expected in Armenia in 2010
    10.12.2009 13:57 GMT+04:00

    /PanARMENIAN.Net/ 1.5% economic downfall is expected in Armenia in
    2010, most optimistic forecasts say.

    As former CBA chairman Bagrat Asatryan told a news conference in
    Yerevan, some progress is expected in agriculture sector. Exports will
    also increase as a result of industrial production growth.

    `Negative tendencies will be registered in external trade, capital
    investments and transfers,' he said. `2011 forecasts are more
    optimistic. Reasonable governmental policy should serve as a basis for
    2011 economic growth.'

    From: Emil Lazarian | Ararat NewsPress
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