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PM: Armenia must be ready for different developments in crisis

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  • PM: Armenia must be ready for different developments in crisis

    PM: Armenia must be ready for different developments in crisis

    YEREVAN, December 26. / ARKA /. Armenia must be ready for any scenario
    that can take place in crisis, Prime Minister Tigran Sargsyan said at
    the final press conference on Friday.

    According to him, Armenia is working closely with the consulting firm
    McKinsey & Company, an authoritative world organization, carrying out
    global studies, and once a quarter he gets information on projections
    of 1400 of the best experts on the crisis.

    He explained that in accordance with the estimates of these
    specialists, there are four scenarios for the situation.

    Sargsyan said that the first scenario is that we have reached the
    bottom and the reconstruction phase has already started, the second:
    the bottom has been reached, there is some economic activity, but will
    be the second wave, the third: the bottom has been reached, but a
    longer period is expected to recover, and the fourth scenario is a
    very slow recovery of world economy.

    Sargsyan noted that during the first quarter of 2009, 32-34% of
    specialists inclined to believe that the situation will develop in the
    first scenario.

    "Estimates of the last quarter showed that the number of supporters of
    the second scenario has increased, reaching about 24%, but there is
    still the belief that we are nevertheless included in the recovery
    period," he explained.

    In this regard, the Prime Minister said that the crisis is a
    phenomenon that is impossible to predict, because it excludes the
    expression patterns, and there is not a methodology that would enable
    the accurate assessment of its depth and the scope of its
    distribution, as well as a way out.

    "It is impossible to predict as to when the crisis is to occur and
    when the second wave take place," Sargsyan summarized. A.B. - 0 --
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