EDWARD SANDOYAN: 2009 WILL BE A HARD TIME FOR ARMENIA
PanARMENIAN.Net
05.10.2009 17:18 GMT+04:00
/PanARMENIAN.Net/ Ex-Economy Minister Edward Sandoyan, Pro-Rector of
Russian-Armenian (Slavonic University). predicts a complicated year
for Armenia. "We are going to have a hard time and there are fears that
next year will be complicated too. That’s because no active processes
are observed in Russia’s economy (which faces negative processes),
and much depends on our main source, i.e. foreign transfers," he told
a PanARMENIAN.Net reporter.
Economist forecasts 15% economic fall in Armenia by year end. "Without
exaggerating the number, I have serious fears that we’ll rank as the
first country in the list of CIS states. If we assume that possible
growth level is mainly due to government injections, recovery of
certain sectors and mitigation, I think 15 % is what we’ll get,
although many people forecast 10%," Sandoyan added.