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FORBES EDITOR INCLUDED ARMENIA IN THE LIST OF 10 COUNTRIES WITH "WORST ECONOMY"
Mediamax
July 6, 2011
Armenia
Wednesday 6 July 2011 13:11 Photo: http://blogs.forbes.com
Yerevan/Mediamax/. Forbes Senior Editor Daniel Fisher included Armenia
in the list of 10 countries with "worst economy in the world".
Mediamax reports that Fisher put Armenia on the second line in the
list after Madagascar.
"With a 15% contraction in GDP in 2009 and mediocre growth forecast
for the next few years, this landlocked former Soviet republic is
struggling to keep up with the rest of the world. Per-capita GDP of
$3,000 is less than a third of neighboring Turkey, and with inflation
running at 7%, Armenia's citizens are getting poorer", Forbes Senior
Editor notes.
Besides Armenia and Madagascar, the list of 10 "worst economies in the
world" also includes Guinea, Ukraine, Jamaica, Venezuela, Kyrgyzstan,
Swaziland, Nicaragua and Iran.
Mediamax
July 6, 2011
Armenia
Wednesday 6 July 2011 13:11 Photo: http://blogs.forbes.com
Yerevan/Mediamax/. Forbes Senior Editor Daniel Fisher included Armenia
in the list of 10 countries with "worst economy in the world".
Mediamax reports that Fisher put Armenia on the second line in the
list after Madagascar.
"With a 15% contraction in GDP in 2009 and mediocre growth forecast
for the next few years, this landlocked former Soviet republic is
struggling to keep up with the rest of the world. Per-capita GDP of
$3,000 is less than a third of neighboring Turkey, and with inflation
running at 7%, Armenia's citizens are getting poorer", Forbes Senior
Editor notes.
Besides Armenia and Madagascar, the list of 10 "worst economies in the
world" also includes Guinea, Ukraine, Jamaica, Venezuela, Kyrgyzstan,
Swaziland, Nicaragua and Iran.