ARMENIAN ECONOMY EXPERIENCING HARDSHIPS

PanARMENIAN.Net
21.03.2009 20:42 GMT+04:00

In January-February 2009 the GDP in Armenia decreased by 3.7% against
the last year’s index and totaled AMD282 billion, according to national
statistics service.

The decrease is conditioned by 9.7% industry and 1.5% construction
slump.

The foreign trade index has decreased by 26.2% and totaled $506
million. Export decreased by 44.8% and import by 21.2%.

The number of unemployed has increased by 4.6% and reached 75.7
thousand people.

The average salary was fixed as AMD94.7 thousand, what is 13.5%
more than last year.

The inflation rate made 0.7%.