WB SAYS POVERTY RATE IN ARMENIA ALMOST DOUBLES
news.az
Nov 18 2009
Azerbaijan
Poverty rate in Armenia has risen 2.8% in the second quarter of 2009
over the same period of 2008 from 25.6% to 28.4%, WB’s chief economist
in the sphere of social maintenance Liri Ersado told a presentation of
WB’s preliminary research: "Armenia: poverty and social implications
of the world economic crisis".
According to him, the crisis has temporarily hampered the stable
development of Armenia of the recent nine years and the processes of
preventing poverty. According to the expert, the concerns are not
about the growth in poverty but also about the missed opportunity
of preventing poverty from influencing a fourth part of the Armenian
population.
According to Ersado, the misery level in Armenia has almost doubled
from 3.6% in the second quarter of 2008 to 6.9% in the second quarter
of 2009.