ARMENIA OVERCOMES CRITICAL POINT: FINANCE MINISTER
ARKA
Oct 28, 2009
YEREVAN, October 28, /ARKA/. Armenian Minister of Finance, Tigran
Davtian, said today there are clear indications that the economy is
back on recovery track.
Speaking at a news conference he said the lowest GDP fall was
registered in July, while beginning from August the economy began to
show signs of recovery.
Armenian GDP fell by 18.5% in January-July, 2009, dropping to 1.417
trillion Drams or $3.789.6 billion.
According to the minister, the totals of August and September inspire
some optimism and there are hopes that stabilization period will be
replaced soon by the period of economic growth. In January-September
the economy slashed by 18.3%.