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2009 worst economic year for Armenia
10.12.2009 13:32 GMT+04:00
/PanARMENIAN.Net/ 2009 was the worst economic year in Armenia's modern
history, according to Bagrat Asatryan, former CBA chairman.
`The economic recession will exceed 15% in 2009. By the end of the
year the GDP will make AMD 3 trillion 100 billion. The government
should take action to improve the situation otherwise the country's
economy will come across greater hardships during the coming years,'
he said.
`The current crisis is the result of state policy,' Asatryan said.
10.12.2009 13:32 GMT+04:00
/PanARMENIAN.Net/ 2009 was the worst economic year in Armenia's modern
history, according to Bagrat Asatryan, former CBA chairman.
`The economic recession will exceed 15% in 2009. By the end of the
year the GDP will make AMD 3 trillion 100 billion. The government
should take action to improve the situation otherwise the country's
economy will come across greater hardships during the coming years,'
he said.
`The current crisis is the result of state policy,' Asatryan said.