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Armenia Faced 16% Economic Slump In January-November 2009

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  • Armenia Faced 16% Economic Slump In January-November 2009

    ARMENIA FACED 16% ECONOMIC SLUMP IN JANUARY-NOVEMBER 2009

    /PanARMENIAN.Net/
    21.12.2009 18:03 GMT+04:00

    /PanARMENIAN.Net/ In January-November 2009, Armenia faced 16% economic
    slump. According to official data, GDP volume in the same period went
    up to AMD 2.79 trillion, with the monthly rate of downfall making
    up 6.6%.

    The highest rate of economic slump was fixed in spheres construction
    (38.4%), industrial production (9.9%) and agriculture (9.9%), as well
    as in services sector (2.5%).

    Inflation rate in the above period made up 3.1% compared to the same
    period of 2008. In the meantime, monthly inflation rate comprised 1.2%.
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