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Armenia Manages To Avoid Worst Economic Scenario In 2009

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  • Armenia Manages To Avoid Worst Economic Scenario In 2009

    ARMENIA MANAGES TO AVOID WORST ECONOMIC SCENARIO IN 2009

    ARKA
    Dec 26, 2009

    YEREVAN, December 28. / ARKA /. During the passing year Armenia has
    managed to avoid one of the worst economic scenarios, the secretary
    of the parliamentary faction of the Republican Party of Armenia (RPA)
    Eduard Sharmazanov said.

    "I can say that it is right to prevent rather than cure, and that is
    the way the government of Tigran Sargsyan and team of the president
    Serzh Sargsyan took," he said on Monday at the International Press
    Center Novosti.

    Sharmazanov described the outgoing year as a year full of events,
    not only for the Republican Party of Armenia, but also for the country
    as a whole.

    "2009 was a hard year, the economic crisis reached its peak and
    will also affect our state, society and the social situation in the
    country: we had a serious economic downturn. However, this phenomenon
    has spread across the world," he said.

    According to operational statistics in January-November 2009 GDP volume
    of Armenia has declined by 16% compared to the same period in 2008.

    From: Emil Lazarian | Ararat NewsPress
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