TIGRAN DAVTYAN: ARMENIAN ECONOMY STABILIZING
Hasmik Dilanyan

"Radiolur"
28.10.2009 16:08

The Armenian has passed the bottom of the crisis and starts exhibiting
growth trends, Minister of Finance Tigran Davtyan told a press
conference today.

He said that peak level of recession in economy from the beginning of
the year was registered in July (18.4%), after which the recession in
economy began to slow. The Minister expressed confidence that by the
end of the year the stabilization would be replaced by economic growth.

"The stabilization of Armenian economy is conditioned by both positive
shifts in the global economy and the government’s efficient crisis
preventive program, in particular, by broadening the money-and-credit
policy," Tigran Davtyan said, expressing confidence that crisis
management factors would become more obvious by the end of the year.