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T. DJRBASHYAN: "WE DO NOT HAVE RIGHT TO DISCUSS WORLD ECONOMIC DECREASE"
Panorama.am
20:49 24/01/2008
"Economic decrease was talked eight months ago. All economic
developments have a notion of cycle," said Tigran Djrbashyan, the
director of AEPLAC.
"After the New Year and Chritmas holidays the crisis was strengthened
in the hypothec market, and it caused the economic decrease of the
USA," he said. According to him the hypothec market has great impact
on society that is why the economists were depressed also.
"In January 22 the directors' board of the USA federal reserve decided
to decrease the rates of refinancing: from 4.25% to 3.5%," described
Djrbashyan. According to him the step was delayed and it had little
impact on the reality.
To the question how the economic decrease can influence on Armenian
economy, he answered that if it continues then the whole world will
suffer from the economic decrease. Particularly Armenia will have
problems with the amount of transfers and the price of metal will be
lowered, which is very dangerous for Armenian economy.
Panorama.am
20:49 24/01/2008
"Economic decrease was talked eight months ago. All economic
developments have a notion of cycle," said Tigran Djrbashyan, the
director of AEPLAC.
"After the New Year and Chritmas holidays the crisis was strengthened
in the hypothec market, and it caused the economic decrease of the
USA," he said. According to him the hypothec market has great impact
on society that is why the economists were depressed also.
"In January 22 the directors' board of the USA federal reserve decided
to decrease the rates of refinancing: from 4.25% to 3.5%," described
Djrbashyan. According to him the step was delayed and it had little
impact on the reality.
To the question how the economic decrease can influence on Armenian
economy, he answered that if it continues then the whole world will
suffer from the economic decrease. Particularly Armenia will have
problems with the amount of transfers and the price of metal will be
lowered, which is very dangerous for Armenian economy.