ARMENIAN ECONOMY PERSPECTIVES DEPEND ON WORLD ECONOMY DEVELOPMENT

/PanARMENIAN.Net/
07.07.2009 13:40 GMT+04:00

/PanARMENIAN.Net/ Armenia is not the country responsible for the
global economic crisis, World Bank Country Director for the South
Caucasus Asad Alam said.

"The crisis affected economies of all states. At that, Armenian
economy perspectives depend on the world economy development," he
told an international conference which kicked off in Yerevan today.

Mr. Alam described the government’s anti-crisis program as
efficient, since it envisages maintenance and even creation of job
opportunities. Besides, measures are taken to alleviate the impact
of the crisis on poor population strata.

He said Armenia is experiencing the hardest period of the economic
crisis at the moment. "Nevertheless, we expect some growth by the
end of the year," he concluded.